Post Tagged with: "taxi"

The Ultimate Innovation Killer: Limited Bank Charters

The Ultimate Innovation Killer: Limited Bank Charters

by May 6, 2013 at 10:19 am 1 comment

In New York City, a taxi medallion — that is, the right to own a taxi in the Big Apple — costs $917,000. In 2003, a medallion would set a hack back around $200,000. Why the steep price increase? Supply and demand. There are around 8.5 million people living in NewRead More