[mmcwilliams]

Saying that taxis, who are regulated through medallions, are a "monopoly" is like saying that bars are a monopoly because they are regulated by liquor licenses.

[PKop]

They are not a monopoly, you are correct. They are a cartel.

[mmcwilliams]

Precisely. I don't have a position on whether or not this arrangement is ideal, but I do wish the discussion about it could remain precise.