Thursday, March 5, 2015

If It Isn't Broken...Regulate It

Ronald Reagan famously said that government’s view of the economy can be encapsulated as “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”  The FCC has now taken the reins to regulate the Internet – that thing that moves – without authorization from Congress.  Brow-beaten by President Obama, FCC Chairman Tom Wheeler, says the government needs to intervene for the benefit of the public.  So we can look forward to the Internet finally achieving its potential to operate at the heights of the U.S. Post Office, Amtrak, VA Hospitals and through that most modern statute, the telecommunications act of 1934 – are they kidding?

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