It’s true that imagining a telecommunications world without the FCC is not easy. But imagining a telecommunications world not dominated by Ma Bell was difficult two decades ago, and it was not easy for the Eastern European countries to imagine life without the Soviet Union.
Fans of Rothbard’s revisionist treatment of President Hoover, note:
The original justification for existence of the FCC was to rein in an unruly marketplace. That thinking dates back to the 1920s, when Commerce Secretary Herbert Hoover, an engineer by training, was worried about the unregulated new industry of broadcasting…