Issacharoff S, Karlan P. The Hydraulics of Campaign Finance Reform. 1999;77 Texas Law Review 1705.
Notes:This article takes as its premise a powerful claim—that if money really influences elections, attempts to regulate it will merely induce it to infiltrate the campaign finance infrastructure in other forms—and explores its implications both for campaign finance as a narrow doctrine and democratic theory more generally. It thus makes a central point regarding the slipperiness of money in the campaign finance context. It also is a good representative of the literature (also represented by Daniel Ortiz, David Strauss, and, among others, the Supreme Court case Bellotti) which holds traditional concepts and concerns regarding corruption do not necessarily slide neatly or coherently into the campaign finance. The basic argument is that once money is usable only in the campaign finance context, it is not fungible with the type of private goods which are normally seen as eliciting corruption fears, because it can only be converted into other public goods (eg, votes).