> value of taxi medallions will return to its true value of zero dollars, making a lot of people very poor very quickly. Including the City of New York, who pl

> value of taxi medallions will return to its true value of zero dollars, making a lot of people very poor very quickly. Including the City of New York, who plan on selling over a thousand new medallions over the next few years and raising over $3B from the proceeds. Taxi medallions have been a way for New York City to print money and to patch the budget with their own form of quantitative easing.