“Supporting the vibrancy of local economies outside of large metropolitan areas is not a new policy objective. It is embedded into the fabric of the United States. As Phillip Longman pointed out in a recent Atlantic piece, the founders created the Senate, in part, to ensure smaller and less populated states had a chance to fully take part in the American experiment. The Constitution contained the Postal Clause which guaranteed the delivery of mail to remote communities. After the advent of the railroad, Congress passed the Interstate Commerce Commission in 1887 to protect smaller communities from rail rate price discrimination, and later the Federal Reserve system situated member banks in numerous cities so that not all monetary policy would be conducted in New York. Taken together, these efforts — and others including varying pieces of antitrust legislation as well as regulatory regimes for public utilities — ensured innovation could be churned out of different corners of the country.”

Read more in the Huffington Post.

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