The McCutcheon Decision and the Role of Money in Politics

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Wednesday’s McCutcheon decision, in which the U.S. Supreme Court invalidated limits on the amount of money any single contributor could give to all federal campaigns combined, called forth a depressingly predictable response from editorialists who never seem to ask themselves why there is so much money in politics.  But readers who long to find an island of thoughtfulness in this sea of outrage will be happy to read Greg Weiner’s take on the Liberty Law Blog.  Advancing an idea he calls “Supply-Side Campaign Reform,” Weiner suggests that legislators bent on reform should focus not on the amount of money people donate to politicians, but on “the goods they receive in return.  If government does not distribute discrete and discretionary economic advantages, there is no self-seeking motive for contributions.”   Read the rest of this entry »