“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 …

Seattle, Meet Brussels. You Two Will Get Along Just Fine.

I suppose that I should look on the bright side in reading this story; maybe as a takeaway, I can be comforted by the fact that certain American cities don't have a monopoly on perpetrating outrages against their citizens and the free market. But I confess to believing that any such comfort is of the cold variety: …

Seattle’s City Council Fails Its Constituents

I don't know what possessed Seattle's city council to side with the taxicab cartel instead of siding with the residents of the city, but I do know that the move is utterly unjustified, goes against the interests of the residents of the city, and makes a mockery of free market competition. I can only hope …

Uber, Traditional Taxicabs and the Failure of Regulation

Read Larry Downes's comparison of UberX to a traditional metered cab, and you will readily understand why the following is happening: So traditional taxi and limo services are responding the only way they know how to—by using legal challenges and regulatory obstacles to block or even ban the services.  In some cities, including Portland and …