The Verge: Thomas Hazlett Quoted in Coase Piece

Many publications have written about Ronald Coase’s influence on economics and radio spectrum policy following the recent news of Coase’s passing at 102. The Verge described Ronald Coase’s contributions to the development of spectrum auctions and quoted IEP’s Thomas Hazlett in the piece:

Coase’s suggestion [for spectrum auctions] … was initially savaged by all the experts in the industry and indeed he went to the Federal Communications Commission to testify and the first question was ‘Tell us, Professor Coase, is this all a big joke?’