“No Consumer Choice, Please. We Are French.”

Another day, another report about how taxicab cartels are scared of competition: Uber's low-cost ride ride-hailing service will be banned in France from the start of next year, the government said Monday as hundreds of taxi drivers blocked roads around Paris to protest what they claim are its unfair business practices. A new law tightening …

Your Non-Shocking News of the Day

Free market competition can lower prices and help consumers: In major cities throughout the United States, taxi medallion prices are tumbling as taxis face competition from car-service apps like Uber and Lyft. The average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached …

Your Absolutely Non-Shocking News of the Day

Competition in the marketplace is a good thing! It’s like Uber, for economists. Simply click on the website of the Economic Experts panel hosted by the Initiative on Global Markets at the University of Chicago, and it will immediately summon an easily digested summary of the insights of mainstream economics into continuing political controversies. As …