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Volume 3  Number 4  •  Spring 1999
Other Issues:  

The Political Economics of Campaign Finance
By Jeffrey Milyo
This article appeared in the Spring 1999 issue of The Independent Review

Surprisingly, recent studies indicate that special-interest donations have had little impact on federal elections. If campaign-finance reform is to be seen as more than simply “feel good” legislation, its effectiveness must be supported by the strong empirical studies and theoretical arguments it now lacks.