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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (22772)	8/19/2010 9:24:12 AM
From: Eric	1 Recommendation Read Replies (1) \| Respond to of 86356

Seattle had a unregulated taxi mess not too many years ago and the final straw for folks was the ripoff rates that customers were charged for their ride to the SEATAC airport. The city and King county got involved and regulated the situation. Bad cabs, dirty cabs and outrageous fares disappeared. No one complained except the "bad operators" who were put out of business. Even our local Republicans cheered about the re-regulation.

To: Road Walker who wrote (22772)	8/19/2010 11:28:31 AM
From: TimF	Read Replies (1) \| Respond to of 86356

So if there really is no supply limitation (or the limit is so high it doesn't affect the market) than we can do away with price controls on the industry. Oh great... then visitors to NYC will get the "tourist rate". If supply greatly expands (and the price of medallions suggest that it would if it wasn't controlled) than there might not be a tourist rate (at least from the larger more organized businesses that care more about their reputation), or it won't be much more. Limiting supply of any business is almost in every case an intentional effort to enrich specific providers at the expense of possible new competitors and of consumers. This is no exception.