Is it? If you imagine a fixed point in space, a short wave would mean more waves pass through it every second, not less. Short waves have more energy (they have bounce up and down more quickly) which allows them to travel further.
Also, it is true that for a given amplitude, a higher frequency wave does contain more energy, but typically, higher frequency waves don't travel as far. Shortwave radio travels particularly far because they happen to be in the right frequency to bounce off the ionosphere, which allows them to travel further than line of sight.
It's a really old term...
It'd seem to me that the bandwidth for such would be abysmal.
Is this correct? I did take some EE courses but that was like forty years ago. All I have ever done with that is receive. I should probably learn more.