Catch of the Day: 'Bad' Political Money Is Good

Small donors promote political polarization, while large donors help moderate it.

Good donors. Bad vests.

Photographer: Chip Somodevilla/Getty Images

A Catch to John Sides at the Monkey Cage for highlighting new research on public financing. While it reduces the advantage incumbents enjoy and produces more competitive elections, public financing also increases partisan polarization. At least, we have new evidence that public financing has those consequences.

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