Out of Control Policy Blog

When enviro-consciousness and the regulatory state collide

    Last October, New York City officials held a special auction of 27 heavily discounted taxi medallions that could be used only with cabs powered by natural gas or by a combination of gasoline and electricity.

    Eighteen of the licenses were sold, at an average price of $222,743, one-third less than the cost of a regular medallion. The Taxi and Limousine Commission praised the program as a first step toward the reduction of harmful emissions.

    One problem: The commission never got around to approving any alternative-fuel vehicles for use as taxicabs.

Whole story is here.

To find out what happens when enviro- consciousness collides with nanny-statism, go here.

Ted Balaker is Producer

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