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Started By
Message
1
Posted on 8/4/18 at 9:58 pm to DCtiger1
quote:
Except it’s value is 100% artificial and subject to market disruption, corruption and government red tape
I’m not disagreeing with this. But you could make the same argument about nearly every investment.
Posted on 8/4/18 at 10:03 pm to Kafka
quote:
she should run for president
ISWYDT and it’s pretty awesome
Posted on 8/4/18 at 10:16 pm to Golfer
Ehh, the government isn’t limiting the amount of houses being built, which would drive up demand and price.
This post was edited on 8/4/18 at 11:34 pm
Posted on 8/4/18 at 10:35 pm to WaterLink
Driving a taxi takes little skill. It's insane someone would charge 700k to drive one.
It's even more insane a greedy, fricking idiot would pay for it.
RIP Kenny, anyway.
It's even more insane a greedy, fricking idiot would pay for it.
RIP Kenny, anyway.
Posted on 8/4/18 at 11:35 pm to WaterLink
Gotta love government regulation trying to fix a problem they created.
Posted on 8/5/18 at 7:43 am to DCtiger1
I don’t think they should. But a frameworks gets put in place either by electing government slobs or by constituent inaction. The law abiding have historically played by the rules, as crappy as they are. It is the lack of certainty with respect to rules and the cronyism thst has small business unable to keep up.
Posted on 8/5/18 at 7:47 am to WaterLink
quote:
Yu Mein Chow, had taken out a loan seven years ago to buy a $700,000 medallion that gave him the right to operate a cab.
Apparently Mr Chow was a dumb arse
Posted on 8/5/18 at 7:58 am to DCtiger1
quote:
Not unlike the value of crypto currency, which has no true intrinsic value and is rare only because the creators made it so
quote:
Not unlike the value of the euro or dollar, which has no true intrinsic value and is rare only because the creators made it so
Hmmmm
Hijacking a bit here.
As long as countries like Zimbabwe and Venezuela exist, crypto will have a place in this world .
Back on topic, I listened to a NPR Planet Money podcast on the NYC taxi medallions , crazy Union market control.
Posted on 8/9/18 at 8:19 am to crazycubes
quote:
The New York City Council voted on Wednesday in favor of a cap on the number of for-hire delivery and transportation vehicles on the city’s streets, striking a stunning blow to tech companies like Uber and Lyft.
Gotta love Crony Capitalism
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