"The federal government, in their zeal for campaign finance reform, have given Libertarians a great gift. Quite simply, they have created the framework for a decentralized way of campaigning, a system perfectly suited to our way of doing politics.

"From the Libertarian perspective, it was easy to predict that so-called campaign finance reform would not succeed in banning anything. People would simply find new creative ways to raise the money to do whatever they wanted anyway. And indeed this has come to pass. In the last election, we saw this new form of politics in action. It is the 527.

...

"That’s the end of the nuts and bolts. What you do with them is totally up to you. Anything and everything you can imagine under the rubric of doing politics is something that can be done as a 527. All you need to start creating an effective or even dominant political organization is an idea, a computer, a phone, and your own ambition.

"It is essential to realize that party committees and 527s are not competing groups..."

full story Sean Haugh: 527s: The future of Libertarian politics