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The year 2008 was a reminder to those who had forgotten that there is such a thing as history and that the cycle of famine and feast in commerce, first identified in antiquity and well understood in the Middle Ages, was not suddenly abolished in modern times. ↗
As a consequence, the Court ruled that the limits on campaign spending violated the First Amendment, but it accepted the $1,000 limit on individual contributions on the ground that the need to avoid the appearance of corruption justified this limited constraint on speech. ↗
Given the difficulty of resisting such temptations over the longer run, a proper concern for the welfare of congressional souls may well be the ultimate argument in favor of term limitations. ↗
