Don Boudreaux explains why campaign finance reform is so foolish in a letter to USAToday.
To the Editor:
Drummond
Drew writes that "We need to find a way to get money out of politics"
(Letters, April 26). He mistakenly supposes that carts push horses.
Money is in politics only because politicians confiscate and control so
much of our money.
The only way to free politics from the influence of money is to free our money from the influence of politics.
Sincerely,
Donald J. Boudreaux
He's correct, of course. We have every right to support candidates who will reflect our own positions on the matters they will debate and pass laws on. It's our lives and livelihoods they're potentially harming or helping after all. But campaign finance reform has turned into little more than protecting incumbents against bad publicity from constituents opposed to them.
Have you noticed that campaign finance reform is a lot like lobbyist reform? It's supposed to help us, but never seems to. When politicians set about to regulate lobbyists, they inevitably impose all sorts of rules on -- the lobbyists! The lobbyists cannot take a Congressman to dinner and the lobbyists must not give him tickets to a football game. The lobbyists may not fly her to the Bahamas and the lobbyists dare not . . . you get the idea.
Well, why not just create a rule that members of Congress can't accept anything of monetary value from a lobbyist or they'll be punished? The reason that John McCain doesn't stand a chance in hell of getting the Republican nomination is his benighted campaign finance reform bill. It's well-recognized now that it didn't deprive political candidates of a single dime -- it just limited the rights of the rest of us to support whom we wish, when we wish and how we wish without hiring a lawyer and an accountant to do it.
Now Governor Spitzer's proposing campaign finance reform for New York. Well, when his proposal comes out, take some time and read it. Decide for yourself whether it will limit the politicians' access to money or just the New York electorate's ability to influence elections. I'll bet on the latter.