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Finance Bros Are Coming for the Public Airwaves

Aug 28, 2026 · 50m

Summary

Host Katie Thornton explores the history and current battle for shortwave radio frequencies. The episode contrasts amateur "pirate" broadcasters, who use the airwaves for diverse, free content, with high-frequency trading firms seeking to privatize these public resources for faster financial transactions. This conflict highlights broader concerns about the erosion of public access to the electromagnetic spectrum.

Topics discussed

Introduction to shortwave radio and its unique properties The Divided Dial series and history of shortwave Surfing the shortwave dial: propaganda, codes, and music How skywaves bounce off the ionosphere at night Early radio enthusiasts and the utopian promise of shortwave Host's personal experience listening to shortwave stations The rise of pirate radio on shortwave frequencies Bennett Cobb investigates FCC experimental licenses High-frequency trading firms using shortwave for speed The electromagnetic spectrum and data transmission The battle for public airwaves: Pirates vs. Profiteers FCC deregulation and the threat of spectrum auctions Conclusion: Defending public access to the airwaves
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