Comments on: We Need More Medallions http://www.pioneerinstitute.org/blog/news/we-need-more-medallions Public Policy Research Thu, 20 Nov 2008 16:06:09 +0000 http://wordpress.org/?v=2.5.1 By: Steve Poftak http://www.pioneerinstitute.org/blog/news/we-need-more-medallions#comment-1016 Steve Poftak Fri, 27 Jun 2008 18:45:10 +0000 http://www.pioneerinstitute.org/blog/?p=514#comment-1016 C. August makes an incredibly shortsighted....er....ah. Actually, he or she is absolutely right. My post is a pragmatic contribution to the debate, but C. August is right on the merits. Check out their blog post on the topic. http://titanicdeckchairs.blogspot.com/2008/06/bostons-medallion-morass.html Nicely played. C. August makes an incredibly shortsighted….er….ah.

Actually, he or she is absolutely right. My post is a pragmatic contribution to the debate, but C. August is right on the merits.

Check out their blog post on the topic.

http://titanicdeckchairs.blogspot.com/2008/06/bostons-medallion-morass.html

Nicely played.

]]> By: C. August http://www.pioneerinstitute.org/blog/news/we-need-more-medallions#comment-1015 C. August Fri, 27 Jun 2008 16:39:14 +0000 http://www.pioneerinstitute.org/blog/?p=514#comment-1015 Steve, have you asked yourself why the entire medallion scheme exists in the first place? You said that "The real problem is the artificial limit on the number of medallions in the city. " You're right that there is an artificial limit, but it's not on the number of medallions. No matter how many medallions the government issues (and I'm assuming you wouldn't advocate that it be an unlimited number) the medallions will create an artificial limit on supply. You correctly note that the government is creating an artificial scarcity. Increasing the number of medallions by X amount won't fundamentally change the system, however. The only solution that would work -- in fact the only solution that would be morally justified and respect individual property rights -- is a full deregulation of the industry and the abolishment of the medallion scheme. Steve, have you asked yourself why the entire medallion scheme exists in the first place? You said that “The real problem is the artificial limit on the number of medallions in the city. ”

You’re right that there is an artificial limit, but it’s not on the number of medallions.

No matter how many medallions the government issues (and I’m assuming you wouldn’t advocate that it be an unlimited number) the medallions will create an artificial limit on supply.

You correctly note that the government is creating an artificial scarcity. Increasing the number of medallions by X amount won’t fundamentally change the system, however.

The only solution that would work — in fact the only solution that would be morally justified and respect individual property rights — is a full deregulation of the industry and the abolishment of the medallion scheme.

]]> By: Steve Poftak http://www.pioneerinstitute.org/blog/news/we-need-more-medallions#comment-1007 Steve Poftak Mon, 23 Jun 2008 15:03:19 +0000 http://www.pioneerinstitute.org/blog/?p=514#comment-1007 Ok, I've about had it with this discussion. Apparently, neither drivers nor medallion owners are making any money whatsoever in the taxi trade. So, why are people still driving taxis and why are you are interested in buying a medallion? Ok, I’ve about had it with this discussion. Apparently, neither drivers nor medallion owners are making any money whatsoever in the taxi trade.

So, why are people still driving taxis and why are you are interested in buying a medallion?

]]> By: ray http://www.pioneerinstitute.org/blog/news/we-need-more-medallions#comment-1005 ray Sun, 22 Jun 2008 13:45:32 +0000 http://www.pioneerinstitute.org/blog/?p=514#comment-1005 Well i try o buy a taxi medallion for invesment as you know the cost is over 380K to lease it weekly will be $ 500 a week and the owner of the medallion will have to pay insurane 7600 a year and renew fee 250 do the math and tell me how medallion owner make money and about boston coach is only the nice car you ride which cost them 20k and get no medallion on it worth 377K i don't see how today medallion owner can make it. Well i try o buy a taxi medallion for invesment as you know the cost is over 380K to lease it weekly will be $ 500 a week and the owner of the medallion will have to pay insurane 7600 a year and renew fee 250 do the math and tell me how medallion owner make money and about boston coach is only the nice car you ride which cost them 20k
and get no medallion on it worth 377K i don’t see how today medallion owner can make it.

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