News for hackers. Stuff that matters.

A comment on Taxi Medallion Prices Are Plummeting, Endangering Loans. Parent comment

Re:Taxi Medallion Prices Are Plummeting, Endangering Loans by cabalamat on Tuesday January 31, 2017 @04:19AM (#13529007)
> 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)

[ Parent | on HN ]
Re:Taxi Medallion Prices Are Plummeting, Endangering Loans by SilasX on Tuesday January 31, 2017 @12:54PM (#13533180)
There 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".

[ Parent | on HN ]