Don’t be too quick to allot spectrum
Some of the most valuable real estate out there is nothing you could build a house or a hotel on. It is the government-regulated electromagnetic spectrum, the frequencies over which we broadcast radio, television and, increasingly, data for smart phones, tablets and other wireless gizmos.
But, as it often is with more solid forms of property, this limited asset is being fought over. And the government must act to see that the public interest is protected.