Thursday, November 09, 2006

On Election Perspective...

In keeping with the election week theme, one complaint my students always raise is that money has too much influence in politics. Surely, the amount of money spent on campaign finance is obscenely huge, right?

From Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, by Levitt and Dubner...

"In a typical election period that includes campaigns for the presidency, the Senate, and the House of Representatives, about $1 billion is spent per year - which sounds like a lot of money, unless you care to measure it against something seemingly less important than democratic elections.

It is the same amount, for instance, that Americans spend every year on chewing gum."
  

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