Friday, December 02, 2011

Taxi!! A better investent than almost anything?

Podcast : NPR:

" New York City, two taxi medallions, the metal plates that make it legal to dive a cab in the city, sold for $1 million each.

On today's podcast, we try to answer the question — why?"

Investing in a taxi medallion has proved a better investment than gold as Bloomberg showed back in August.

Interesting look at what can happen when you interfere with markets: someone wins and it leads to more interventions and rules.

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