BALONEY. You'd have insurance companies putting up the bonds for the drivers in exchange for a very reasonable and minor fee. I had to put up a several thousand dollar bond when I became a notary public many years ago in another state (I'm no longer one) and it cost under $50 to have a bond posted by some insurance company.

You were the one who brought up bonds though. No need for that, you can enforce regulations just fine without them. Your TLC driver's license can function as a bond -- if you don't comply with rules, suspend it.

I meant directly regulating the supply. Some regulations are good, others are clearly bad. And telling "therefore shall only exist 2k taxis on this city" is clearly on the bad category.