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Economics Daily Digest: Internet as utility, the eurozone, the Fed's accountability

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The Internet Is Back to Solid Regulatory Ground (NYT)

Roosevelt Institute Fellow Susan Crawford says that by regulating Internet infrastructure as a utility, the Federal Communications Commission is going back to its roots of solid legal authority.

[FCC Chairman Tom Wheeler] is not proposing to "regulate the Internet" or the websites of businesses that use the Internet to reach customers. This would not constrain what Americans can say online, nor would it constrain the extraordinary innovation that has come about because of the Internet's borderless and permission-free nature.

Tom Wheeler is simply saying that the F.C.C. should have solid legal authority over the physical wires, tubes and towers located in the United States that move information from Point A to Point B. And that's all he's doing.

Follow below the fold for more.


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