How To Empower Moderates

David Frum argues that reforming campaign finance law is one necessity:

Political money now comes in two basic envelopes, one transparent, one opaque. The transparent money is money whose source is disclosed to the Federal Elections Commission. The non-transparent money is raised and spent by political entities that need disclose nothing. You’d think we’d favor the transparent envelope. But no.

The transparent money is hedged with difficulties: you have to raise it in increments of $2400, each donor is subject to a cap of his total giving for the cycle, etc. The non-transparent money is not only secret, but also limitless. The next step to real reform would be to make it easier for donors to give to parties – and for parties to support candidates. If we had a system whereby a wealthy person could give $1 million to the RNC or DNC, which then distributed the money among the most electable candidates, we’d accomplish two things: we’d liberate candidates from spending so much of their time fundraising, and we’d also allow parties to impose some discipline on their weirdos and outliers.