When Spectrum Auctions Fail

If you have been a bit fuzzy on how spectrum auctions work (or don't work, per author Mitchell Lazarus), then this article might be worth perusing. A brief history on the pre-auction days and how the system worked then, versus the government-manipulated environment now in effect. In its ever-increasing mission to extract money from productive enterprises, the FCC has caused an enormous waste of available spectrum. Rather than creating an electromagnetic platonic utopia, it has largely mucked up the works. The same type of bureaucrats will soon be running our health care.

Posted May 2013

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