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This part is somewhat bogus however:

Many “owners” of spectrum either hardly use the stuff or use it in highly inefficient ways. At any given moment, more than 90 percent of the nation’s airwaves are empty.

The solution is to relax the overregulation of the airwaves and allow use of the wasted spaces. Anyone, so long as he or she complies with a few basic rules to avoid interference, could try to build a better Wi-Fi and become a broadband billionaire.

That's like saying that 90% of the sky is empty so air traffic control is not doing its job well enough. Just give everyone a pilot's license and tell them to watch out for other planes...

The empty spaces are important.




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