Zoning and landmark laws have frozen much of New York into a life-size historical diorama: neighborhoods frozen in time, where the only thing that goes up is the rent.
The road to tyranny is paved with good intentions. Anti-entrepreneurship, innovation crushing good intentions.
In order to run a taxi in New York, you need a medallion. Because the number of medallions is restricted by the government (artificially restricting the supply, and thus, competition), getting your hands on a medallion can be extremely expensive. As Bloomberg Business explains: “To own a cab in New York, you need a medallion—a […]