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.
Responsibly Ushering in Autonomous Vehicles in Texas
With responsible guardrails in place and the ingredients for an innovative hotspot, Texas will continue to lead the nation as the exemplar of responsible technology that seeks to serve humanity, and not the other way around. Key Points: While technological hurdles have stalled the development of fully self-driving vehicles, tremendous progress has transpired in the...