Day: August 6, 2008

Portland Continues Taxi Cartel

QuickPoint!

Imagine an industry where two companies control 75% of the market, price-competition is non-existent, and new firms are prohibited from entering. While economists refer to this as an oligopoly, taxi customers in Portland know it best as high prices and long wait times.

On April 9, 2008, the Private for Hire Transportation Review Board voted down a proposal to end the long-standing moratorium on (more…)

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Wanted: Asset Accounts, Not Income Transfers

Sreya SarkarCascade Commentary

Summary

Low-income Americans hear two contradictory messages: “Save” and “Don’t Save.” Converting some defined-benefit entitlements to asset accounts owned by individuals could include the poor in the trend toward asset ownership illustrated by the rise of IRAs and Health Savings Accounts. (more…)

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