Mayor Emanuel has proposed to loosen city regulations for taxis in an effort to level the playing field against Lyft and Uber. The most controversial is allowing the taxi industry to set surge pricing during heavy usage times. Are you in favor of a world where consumption comes with an elastic price? (Real News)
Closing: With City Hall investing into “saving” the Chicago taxi cab fleet, what will be the price of a medallion on January 1, 2020?