Regardless of what motivates it, campaign finance reform, coming in various incarnations and across various levels of government over the years, has been almost uniformly a failure. To be sure, the advent of financial disclosure has been a help to political watchdogs and election observers. But the overall attempt to limit the role of money in elections has simply not worked. Ever more money is spent with each election cycle. Indeed, spending in federal elections has increased at roughly 10 times the rate of inflation since the late 1990s.
Source: ‘Fixing’ campaign finance is only making it worse
