So spoke President Barack Obama in his inaugural address today:
“We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together.”
When Obama said this, he was no doubt referring to his stated goal of having government build out broadband networks on taxpayers’ dime. The massive $825-billion stimulus package unveiled in Congress last week devotes $6 billion to build out broadband to areas where high-speed online connectivity is sparsely available.
Providing private goods like broadband…
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