Tuesday, January 13, 2009

SF medallions

Anyone that's ever been in a cab with me knows I always ask if the cabbie owns the medallion. I love the medallion system in theory. Actually I love the idea of a cabbie owning the medallion as a path from labor to business ownership - the details are often far from that unfortunately.

SF's system actually looked more like what I liked about the idea of a medallion, but in reality it's far from it.

Regardless, it appears like it may change soon.

One thing that a market for medallions will do is provide a real world price signal on the value of the damned things, which should let the city decide if there is a need for more or if the system can at least tolerate more.

This will be interesting to watch.

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