Post from Robinson and Acemoglu on how money in politics changes the debate and therefore the proposed policies. This is certainly related to some work that I’ve been doing.
I believe that is also argues for a break between money and politics. As I’ve been arguing, the best (and perhaps only) way to do this would be through a constitutional amendment. A lot of the commentariat seems to dismiss this out of hand, perhaps because it’s been so long since we have amended the constitution. But it seems like a large enough problem with no available legislative solution, that an amendment is the only way to go.