charlie: used to work with woody hayes. tom: in graduate school i had the privilege of rubbing shoulders with the coach. and talk about military history and all the things he taught there. and three yards and a cloud of dust. tom: three things can happen in two of them are bad. charlie: so, what can happen to the fcc/ ? are sitting at an exciting time in history. if you stop and think about it, the most important external thee in our daily lives are networks that connect us. thewe at the fcc get privilege to be involved in the evolution of those networks into the digital era, whether it is broadcasting, cable, satellite, telephone, or the internet. economy that we get a chance to participate with as they are evolving fomr the -- from the old analog world to the new digital world. charlie: but what do you do? you obviously hear important arguments and make rulings on them. tom: the really interesting about this job is that the statu te was written in 1934. it was updated in 1996. 1996, a lot has changed. so, the challenge th

we were talking about woody hayes and urban meyer a while ago.u need a set of rules that says is this just and reasonable and need someone to throw the flag if it isn't. we don't know what the internet will become five years from now. think back five years and where we are today. we had no idea it would end up where we are today. what we don't want to happen as a regulatory agency is to thwart innovation. >> rose: that's one to have the arguments they made. >> but the other part is we don't want people running the networks to have to be the ones who provide permission for innovators and entrepreneurs to provide new services. so it's the concept of permissionless innovation and making sure there is somebody to say does this make sense? >> rose: the argument is you inhibit innovation. >> that is easily refuted by the look at tremendous growth in investment that has taken place in entrepreneurial activities since we put the rules in place. you look at how the industry, the cable industry, the telephone industry, the wireless industry have unpreceden