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(Archived document, may contain errors) 14 July 11, 1977 CONSUMER COMMUNICA TIONS REFORM A C T H.R. 8 AND S. 530 This bulletin analyzes the proposed changes in telecommunications policy that would amend the Communications Act of 1934 and would further re- quire the Federal Communications Commission to make certain rulings with respect to specialized corrimon carriers (herewith referred to as SCCIS). STATUS
Despite years of falling prices, increased travel options, andvigorous industry competition, some federal policymakers appear tobe on the brink of abandoning the incredibly successful 20-yearexperiment in airline competition following deregulation in the1970s.
Over the last half-century, economics has infiltrated parts of the federal government where it has no business intruding. It can be a useful tool for policymaking, but it’s become the only tool. It’s time for economics to back the hell off.
FCC Chairman William Kennard called for the creation of "anational, competitive, deregulatory telecommunications policy."
Talk of inflation has dominated the news cycle for many months, and for good reason -- especially domestically. Inflation is higher than it has been in recent memory and just hit a 40-year high of...