Sunday, October 9, 2016

See Still Paying the ‘Wheeler Tax’ from the WSJ. Excerpts:
"The U.S. economy continues to create jobs, but there’s a big exception. Companies making computer and electronic products and in the telecommunications side of the information industry employed 29,000 fewer workers in August than they did a year earlier.

These disappointing results follow a recent update from economist Hal Singer"

"Mr. Wheeler’s FCC imposed monopoly telephone rules from the 1930s on the competitive internet'

"Mr. Singer specifically looks at capital expenditures on network infrastructure. He finds that, after an era of growth, the 12 largest U.S. internet service providers reduced investment by 8% in the first six months of this year compared to the same period in 2014, the last year before the new regulatory regime."

"The commission’s chief economist in 2014, Tim Brennan, declared after leaving the FCC that the rules were an “economics-free zone.”"

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