Ron Paul’s supporters and a former Federal Election Commissioner are turning the operation of political speech inside out by turning individual donors into political organizations and the delivery vehicle (pun intended) into a for-profit universal-access media company. Bravo! Or as On the Media puts it:

…a campaign reform loophole as big as the Ron Paul blimp.

Expect ever tighter epicycles from the FEC to try to hold back the Internet and the innovative business processes that low transactions costs make available via personal computers and the Internet. They will nullify all limitations on free speech.