By Scott Wallsten
Published in The Conversation on February 24, 2015
Federal Communications Commission (FCC) chairman Tom Wheeler claims that his plan to regulate Internet Service Providers (ISPs) under Title II of the 1934 Telecommunications Act is “rooted in long-standing regulatory principles.”
That’s not necessarily a good thing.
While the specifics differ by industry, economics research over the past half century has consistently found Title II-style regulation to be inefficient, harmful to innovation and, therefore, costly to society.
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