The value of land and spectrum would 'fly to the bottom' if they sell one hundred billion of it? The last spectrum auction ended with a winning bid of 19.6 bil

The value of land and spectrum would 'fly to the bottom' if they sell one hundred billion of it? The last spectrum auction ended with a winning bid of 19.6 billion. The initial subscription was 86.4 billion. You're telling me that 84 mhz of spectrum represents 85% of the entire world's willingness to pay for American spectrum? http://www.reuters.com/article/us-usa-wireless-auction/fcc-spectrum-auction-bidding-ends-at-19-6-billion-idUSKBN15P2QF http://www.reuters.com/article/us-usa-wireless-auction/fcc-s... Get real. It's worth its weight in gold.