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A long overdue privatization

Adrian Moore
March 12, 2004, 10:38am

Almost 35 years ago the Rural Telephone Bank was created to subsidize phone service in rural areas. Now that cell phones cover all the US save a few pockets of government-owned wilderness, the slow process of privatizing the Bank has begun. You'd think it would just be eliminated, but as you know that rarely happens to a government project. But sink or swim in the private sector is pretty good. I'd like to see them accelerate the process so it doesn't drag out another 5 years, and be sure no subtle government backing or unusual guarantees remain. (Thanks to John Palatiello for the tip on this)

Adrian Moore is Vice President, Policy


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