Selected in the top 100 Economics Sites

Follow me on Twitter

Tuesday, November 11, 2014

Regulator-in-Chief

So now the president wants the federal government to regulate the internet. Wonderful. He is going to treat it just like an electric company or the telephone company based on the Federal Communications Act of 1934. Now there is some fresh thinking for you. As the Wall Street Journal points out, this law was written based solely on the Interstate Commerce Act of 1887 where the word "railroads" was stricken and replaced with "telephone companies". Now the FCC will decide what prices can be charged and what is "fair".

The death of a thousand stings magnifies.






2 comments:

Anonymous said...

Obama doesn't want the FCC to be able to regulate internet rates:

"I believe the FCC should reclassify consumer broadband service under Title II of the Telecommunications Act — while at the same time forbearing from rate regulation and other provisions less relevant to broadband services. This is a basic acknowledgment of the services ISPs provide to American homes and businesses, and the straightforward obligations necessary to ensure the network works for everyone — not just one or two companies."

Randall Parker said...

And you can keep your doctor if you like your doctor.

C'mon man.