> On May 20, 2015, at 9:05 PM, Jim Farmelant <farmelantj at juno.com> wrote:
>
> It seems that everybody here is on the same page with Milton Friedman who back in 1962 in his book, Capitalism and Freedom, among other things, attacked the institution of taxi medallions as an an example of unjustified government-created monopoly.
You could argue that restricting the number of medallions could be good for drivers, by limiting competition. What sucks is that the parasite owners get most of the monopoly profits.