It appears the basic reason for a taxi medallion system is to regulate the industry and control supply to prevent a flood of random drivers being unleashed on a

It appears the basic reason for a taxi medallion system is to regulate the industry and control supply to prevent a flood of random drivers being unleashed on an unsuspecting populous. I'm fine with regulations to enforce safety. I'm not fine with the "control supply" aspect. Medallions shouldn't be rationed any more than driver's licenses in general; just require people to pass standard tests and documentation requirements to get a medallion. It's unfortunate that medallion systems seem to fuse a justification that clearly serves the public interest with one that serves the public to a much lesser degree, or even not at all.