@paulbaumgart @pmarca @ramez If spending has so little impact, why do it?
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@pmarca@focx@paulbaumgart 2012, the big right-leaning SuperPACs poured in huge money, usually had $ advantage. Usually lost the race. -
@ramez I think nobody argues there are no other factors, or that they can't trump the influence of funding@pmarca@paulbaumgart - 2 more replies
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@pmarca@focx@paulbaumgart@ramez very wealthy people often have an overly confident opinion of their ability to control external events.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart@pmarca Except severely limits who even thinks to run, puts premium on "skill" of hassling strangers for money 4 hours a day..Thanks. Twitter will use this to make your timeline better. UndoUndo
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and Impact on policy? “
@paulbaumgart: "Campaign spending has extremely small impact on election outcomes" http://pricetheory.uchicago.edu/levitt/Papers/LevittUsingRepeatChallengers1994.pdf …@pmarca”Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca Interesting hypothesis, esp. given the risk involved in donation/funding scandals@paulbaumgart@ramezThanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@focx@paulbaumgart ..when the side with most $ even wins. In House of Rep races, after $1m, no correlation with victory.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart@pmarca data is from 72-90 pre Citizens United v. Federal Election Commission ruling and while statutory limits were bindingThanks. Twitter will use this to make your timeline better. UndoUndo
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