This article first appeared in the Essays in Public Policy series published by the Hoover Institution, Stanford University, in 1997. In Political Money: The New Prohibition Annelise Anderson addresses whether or not we are spending too much on political campaigns and whether either expenditure limits or contribution limits are desirable or effective in accomplishing the purposes they supposedly serve. Rather than increase limits on spending and contributions, she recommends abolishing them but strengthening campaign finance reporting requirements and the speed with which data are made available to the public.
