Steve Randy Waldman
@interfluidity.com
Yeah, it looks like that's right! Medallions when issued weren't intended to become speculative assets, but they were in fact transferable from the start and their market price higher quickly appreciated. My bad! www.politico.com/states/new-y...
The curse of the New York City taxi medallion
Link Preview: The curse of the New York City taxi medallion: Thirteen months ago, Mayor Michael Bloomberg took a taxi to the Bronx to declare victory in his bid to populate the outer boroughs with a new caste of cab called the borough taxi.