Campaign Finance Law Can Be Funny

Steve Simpson and Paul Sherman of the Institute for Justice detail Stephen Colbert’s travails with federal campaign finance law.

Comedy Central funnyman Stephen Colbert, like most of his friends and allies on the left, thinks that last year’s Supreme Court ruling in Citizens United v. FEC is, literally, ridiculous. To make his case that the ruling invites “unlimited corporate money” to dominate politics, Mr. Colbert decided to set up a political action committee (PAC) of his own. So far, though, the joke’s been on him.

UPDATE: Richard Epstein comments here.