Anyone who has used an iPhone on the AT&T network knows the U.S. wireless infrastructure needs work. Here, economist Austan Goolsbee, chairman of the President’s Council of Economic Advisers, explains Obama’s plan to auction off a slice of the U.S. airwave spectrum and provide seed money to bring the U.S. up to speed with European and Asian wireless that hums so much faster than ours. Jobs and innovation are on the, Goolsbee argues.

Politics aside, in English 4G would accelerate mobile download speeds by a factor of _____. Current 3G networks in the United States send data to you at peaks rates of 14.7 megabits per second, which translates to 1.8 megabytes per second. (In data transfer rates, there are 8 megabits to 1 megabyte.)

; most people aren’t used to the “megabit” metric, which is 1/8 of a megabyte, so 3G actually can only pump 1.8 megabytes per second to you.

Austan Goolsbee, chairman of the President’s Council of Economic Advisers

2010 12 billion applications downloaded for mobile phones

“I understand there are even two kid millionaires in Finland selling games about angry birds.”

Our infrastructure is falling behind.

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