Individual donors prefer to support ideologically extreme candidates while access-seeking PACs tend to support more moderate candidates. Thus, institutional changes that limit the availability of money affect the types of candidates who would normally fund-raise from these 2 main sources of campaign funds.

an inconvenient finding for all the fans of grassroots funding. other than a vague “get money out of politics” (how?), i don’t see any policy prescriptions to address this.

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