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‘Yes’ to the FCC’s Proposed Office of Economics

Under the leadership of Chairman Pai, the FCC just proposed creating an Office of Economics and Analytics. This office would provide an important and systematic feedback during the regulation-making process about whether a real problem exists that regulation could solve, as well as about what the costs and benefits would be of proposed rules and orders. Such feedback is clearly lacking today, not for lack of economists working at the FCC, but because as the chairman noted in a speech in April: Economists are not systematically incorporated into policy work at the FCC. Instead, their expertise is typically applied in an
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...[READ MORE]   SOURCE: National Review

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