The explosion in political action committees, campaign financing, and lobbying expenditures over the last 30-35 years provides a mechanism for why politicians track high-income constituents: influence comes not only from buying politicians but from access—being able to talk to and shape their views—which itself requires money.

causalpending

Speaker

Daron Acemoglu

Evidence Quote

the best way of influencing position is to talk to them and having access which is also again something that requires money

Source

Daron Acemoglu on Inequality and the Financial Crisis 02/21/2011EconTalk
Created: 6/16/2026, 2:36:28 PM

My Notes

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