Katherine Kersten's Korner

Today's kolumn is about taxi regulation in Minneapolis. Kersten and myself are o the same side of the fence on this issue: I don't believe that the city should cap the number of taxi licenses.

Wingnuttia Level: 2 (Depends on your point of view)

To the extent that the city should regulate taxis, it should only regulate safety. Capping the number of licenses leads to the situation that she describes. Arguments about letting drivers earn a good living, reducing pollution, etc. ring hollow to me. The market will decide how many taxis will exist, and what they will charge. This is a perfect example of too much government regulation.