Libertarianism

TIL the value of a taxi medallion (permit allowing a taxicab to operate) in New York City peaked in 2013 at over $1 million. By 2019, medallions were being sold for as low as $136,000. Since many cab drivers took out loans to buy when values were high, many have been forced to declare bankruptcy.

July 22, 2025

Remember when taxi drivers were paying the State for a legal monopoly on giving rides and charging for it, until Uber came along and destroyed their business model.

If only we could disrupt the hot dog industry in a similar way…

Posted by Anen-o-me

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I just realized, shows like Landman, and Ozark, or breaking bad use Mexican cartels as the bad guys intermingled in crime, but if you replace the Mexicans with Israelis, it tells you what’s really happening.

Anybody know about this time traveling Archon character?

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TIL the value of a taxi medallion (permit allowing a taxicab to operate) in New York City peaked in 2013 at over $1 million. By 2019, medallions were being sold for as low as $136,000. Since many cab drivers took out loans to buy when values were high, many have been forced to declare bankruptcy.