FCC auction model can solve other national challenges
The FCC is wrapping up the most complicated spectrum auction in history. Broadcast stations voluntarily sold airwaves. In return, they'll get $10 billion from wireless companies, who are buying those frequencies for more than $19 billion to provide more mobile broadband. And the Treasury will collect about $7 billion for deficit reduction.
This auction was the product of a multi-pronged government effort. The FCC conceived the plan in 2010. The Republican House wrote the legislation and a bipartisan Congress passed it in 2012. The FCC passed the necessary rules and executed to plan. Buyers and sellers made their bids. Everyone succeeded.
Now it's time to apply the same approach to other national challenges.