A long overdue privatization

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

Adrian Moore, Ph.D., is vice president of policy at Reason Foundation, a non-profit think tank advancing free minds and free markets.