Tuesday, October 30, 2007

Free market victory

Minneapolis will have some real competition n its taxi industry for the first time in years. That's courtesy of a decision by U.S. Magistrate Judge Franklin L. Noel, who ruled that the city's established taxi cartel has no grounds for challenging free-market reforms that do away with caps on the number of cabs in the city and restrictions on the entry of new competitors into the business.

The Institute for Justice intervened in this case on behalf of Luis Paucar, a man seeking for years to enter the taxi market. The case stands as the fourth victory for economic liberty by the Minnesota chapter of IJ.

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