Randall Stephenson's "Spectrum and the Wireless Revolution" (op-ed, June 11) discusses making more spectrum available and notes the problem of speculators holding spectrum and doing little or nothing with it.
Since the airwaves are a public resource and no one created any part of the electromagnetic spectrum by the sweat of his brow, an obvious solution is to charge rent for spectrum. Mere speculation will become very unprofitable, and people putting their spectrum to low-priority uses will have an incentive to put it to more highly valued uses or sell it to people who will.
We can use the revenue to cut taxes on production or to slow our slide into bankruptcy.
Nicholas D. Rosen