25 years ago in Reason.

• Author: Mehta, Prabhat
• Position: Quotes on taxicab economics, post-communist threats to US - Citings - Brief article

"The demand on cabs has more than doubled the market value of a medallion in the last 10 years. [Taxi driver Robert] Lynch says he... tried to purchase a medallion from a broker but was unable to meet the price, now $100,000 or more. Those prices have kept a lot of drivers like Lynch out of the market, which has increasingly come under the control of large fleet operators."

--Prabhat Mehta, "To Catch a Cab"

"Now that the Berlin Wall has fallen and communism has retreated, there seem to be very few dragons left for the United...