I hope Fred wouldn't mind me also pointing to another (more substantial)
interesting piece by him:
--
Fred Foldvary, The Completely Decentralized City: The Case for Benefits
Based Public Finance, The American Journal of Economics and Sociology, Vol.
60 No. 1 Pg. 403, 01/01/2001
The real problem is not how to get money out of politics but how to get
politics out of money.
Alex
For my analysis of how to do this, see Recalculating Consent at:
http://www.gmu.edu/jbc/fest/files/foldvary.htm
Fred Foldvary
=
[EMAIL PROTECTED]
(In response to Gustavo)
The real problem is not how to get money out of politics but how to get
politics out of money.
Alex
--
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent Institute
100 Swan Way
Oakland, CA, 94621-1428
Tel. 510-632-1366, FAX: 510-568-6040
The comment below..."It was difficult to establish a
rational relationship between the Enron bankruptcy and campaign finance
reform..." I don't think can be said just y yet. There has not been a
direct relationshipat the top, but I thinksome direct relationship
with specific conus and
Campaign financing regulations inevitably protect incumbents -
incumbents already have huge advantages so challengers need relatively
more money to compete, thus campaign finance laws raise rival's costs.
Alex
--
Dr. Alexander Tabarrok
Vice President and Director of Research
The Independent
Hypothesis: John McCain. Campaing reform has been a favorite to talk
about but not to pass for many years. I think that when you had
a charismatic cadidate adopt an issue, it can really change things.
I bet a lot of congressmen saw little John McCains in their night mares
if they opposed campign
