Rent Seeking Never Stops: An Essay on Telecommunications Policy
By James A. Montanye
This article appeared in the Fall 1996 issue of The Independent Review

Changes in U.S. telecommunications policy over the past two decades, culminating in the Telecommunications Act of 1996, have come to be regarded as the triumph of economic reason over regulatory chaos, whim, and incoherence. Public choice theory, however, suggests that telecommunications policy has been guided not by economic reason but by the self-interest of government decision-makers.

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