By Megan McArdle – First, the good news: Public campaign funding would probably reduce the influence of “access-oriented interest groups,” which are made up of well-financed power players who use their campaign donations to get the ear of candidates. It would also reduce the bias toward incumbents.
Now, the bad news: That doesn’t necessarily lead to better political outcomes. When the money goes away, the candidates who are elected tend to be more partisan and divided. “Good government” may mean “more extreme government.” more> http://tinyurl.com/nf569d3