Telephone rates in Texas reflect substantial distortions that were intended to make basic local service “affordable.” Measured only by that narrow goal, the policy might be considered a success. Local rates for large incumbent carriers fall about $600 million short of covering long-run incremental costs, and consumers pay higher prices for other services to make up the difference. Local wire-line rates are cheap, but consumers bear a high cost in exchange for these bargain rates.
Article V Convention of States: Overview and Model Legislation
Since the adoption of the U.S. Constitution, the power of the federal government has grown beyond the bounds originally envisioned by the Framers. Key Points: Just 16% of Americans say they trust the federal government to “do the right thing.” Federal interference has had life threatening results, especially at the border. Poor federal policy has...