"...in 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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