The escalating cost of democracy: why American elections keep getting pricier

How did political campaigns get so expensive? | The Indicator · 9:28 · Video: NPR's Planet Money · Watch at the source

In short: With the 2026 midterms poised to be the most expensive in U.S. history, this episode investigates the economic drivers behind the constant flood of capital into political campaigns.

The video explores the systemic reasons why every election cycle appears more costly than its predecessor. It examines the mechanics of how money enters the political sphere and what specific factors contribute to this trend of escalating costs in American politics.

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