Another View of the FCC and Spectrum Scarcity

Bob_Robertson writes "Tim Swanson on the Ludwig von Mises Institute site is asking, has the FCC put itself out of a job by allowing the 47-49 MHz, 2.4 GHZ and other "open spectrum" frequencies, thus focusing innovation and development into making fantastic use of limited resources? The basis of the FCC's existence is "scarcity", so what happens when there isn't any scarcity any more? LVMI has looked into the FCC before."