There is an invisible resource that powers our smartphones and connects our devices: spectrum airwaves. But regulations governing these airwaves were set decades ago, long before the age of smartphones and autonomous vehicles. With technology changing at a rapid pace, are these regulations for this finite resource outdated? What is the growing importance of airwave spectrum in an economy that is increasingly wireless? And what does a property-rights regime for spectrum look like in practice?

Shane is joined by Professor Thomas Hazlett, author of the best-selling book The Political Spectrum: The Tumultuous Liberation of Wireless Technology, from Herbert Hoover to the Smartphone (2017) and a leading voice in telecommunications, media, and the internet. He is currently the H. H. Macaulay Endowed Professor of Economics and director of the Information Economy Project at Clemson University. He previously served as chief economist at the Federal Communications Commission. His extensive knowledge makes for an excellent conversation.