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> the medallion ("no more than N cabs may be operating at any given time") The whole point of this is to ensure that the price for taxi rides is higher than wh
by cabalamat 10y ago
> the medallion ("no more than N cabs may be operating at any given time")
The whole point of this is to ensure that the price for taxi rides is higher than what the market-clearing price would be. In other words, it's a scam to rip off gthe consumer.
(Similar arguments apply to zoning regulations and house prices, of course)
- SilasX 10y agoThere are good motives and bad motives behind every law. I don't find it productive to assert, as fact, that the malicious stuff is only kind, without addressing the good that they're ostensibly accomplishing. You might as well dismiss all cap-and-trade proposals as being "just another scheme to raise energy prices".