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it s really quite fascinating how we got here in the politics other than how the 1927 radio act basically determined but would work in the market and what wouldn t have her firms led to the stuff we are dealing with today that we carry in our pockets. would assure expertise to write a book like this? guest: i m an economist. i m here at cbs looking at all the great innovation but i look at it from a policy standpoint. i m a professor. i served as chief economist for the federal communications commission and i have written and researched how we allocate radio spectrum and the airwaves are going to wireless communication for about 30 years now. that s a great question. now much time do we have? we are getting something a lot more right than we used to. the basic framework of the system which comes from the 19th 27 radio act the brainchild of herbert hoover before he was president. he was secretary of commerce. he was the first regulator of radio. you wanted a lot more discr
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