1) The document is a letter from Michael J. Horney, a 23-year-old economics graduate, to the FCC regarding its open internet proceeding. 2) Horney argues that a free market approach to broadband regulation best allows consumer preferences to be expressed, citing examples of innovation and investment under less regulated models. 3) He contends there is no evidence of market failure in broadband and that further regulation could stifle innovation, investment, and consumer choice, pointing to negative outcomes from more regulated approaches in other countries.