November 11, 2014
Quote of the Day
The WSJ Ed Page on "Net Neutrality:"
These rules weren't at the cutting edge of innovation even in the 1930s. As former FCC attorney Randolph May notes, this regulatory framework was written into the Interstate Commerce Act of 1887 to oversee monopoly railroads. The Communications Act drafters then copied the 1887 law, replaced the references to railroads and clarified that the new regulations would apply to telephones as well as telegraphs. Eighty years later Mr. Obama has decided, in his market wisdom, that these rules should apply to the Internet.
BONUS UPDATE (same column):
Like the telephone companies of old, broadband providers would be required to "file a tariff" at the commission, meaning they would submit mountains of paperwork and ask the government to approve the prices they intend to charge for services. The bureaucrats would then consider whether the prices are fair. FCC bureaucrats would also hold sway over plans to expand or build digital networks. Under such conditions, who would invest to build the next generation of broadband technologies?Quote of the Day Posted by John Kranz at November 11, 2014 11:50 AM