Friday, April 13, 2012

Why Megan McArdle can't get a taxi in DC

Not a problem for me in my suburban commuter-ville, but an interesting analysis nonetheless. We talk of participants in the free market creating prosperous communities by pursuing their own interests, a la Adam Smith. But government also pursues its own self interest, which is to entrench and extend itself, in this case by punishing and deterring private entry into its "turf".