Deregulating broadband will save billions
Did economists underestimate the damage of the Biden regulatory barrage? One reason the U.S. economy is outperforming expectations may be that the Trump Administration’s deregulation is offsetting tariff harm. Consider how it has uncorked broadband investment and saved taxpayers billions by slashing the Biden team’s red tape. Congress appropriated $42 billion in the 2021 infrastructure bill for states to expand broadband to “unserved” and rural communities. The spending was unnecessary since satellite services like SpaceX’s Starlink and 5G fixed wireless services were rapidly ...