Over at Post Partisan today, I have a post up talking about disclosure in campaign finance. I'm for it -- but over time, I've become less and less convinced that it does all that much good. I mean, even if we really had full, meaningful, well-run disclosure, which we often don't. Under current law, the costs of disclosure are relatively low. But if we really ever went with my preferred system, which regular readers know is partial public financing and then unlimited private financing plus disclosure, then the (marginal) costs of disclosure would be higher, since it would presumably be the only source of compliance costs for campaigns. I'm pretty sure it would still be worth it, and of course there's no way it would ever be repealed (although it can be more or less subverted in various ways), but I suspect it's a closer call than I've ever thought.
Meanwhile, if you thought I've been distracted, you're probably right. The latest is that my youngest's bat mitzvah is tomorrow. Woo! So please excuse the light posting today, and with any luck I'll be back to a more regular schedule on Monday. I'll try to get a Friday Baseball Post up at some point, but I don't really know whether I'll get to it, and What Mattered? might be rather incomplete tomorrow, although I should get it posted at the more-or-less regular time (sometimes I hold it until I catch up on my newspapers, but that ain't gonna happen tomorrow).
...and it's also the beginning of Fiesta here in San Antonio! OK, I'm not much for the local holiday, which is a week-long celebration with lots of parades and other events. The kids will get school off on Friday, and many local offices shut down, too. I'm curious: what other towns have local holidays? Are they significant enough that the schools would close down?