Isn't this just like the government these days? (Sigh.) New York City had a special program to promote the use of cabs that ran on natural gas or were 'hybrid' technology, i.e., ran on a combination of gas and electricity. Some folks bought the special, discounted licenses offered as a key incentive in the project - and then found out that the folks in charge of approving vehicles for taxi use wouldn't approve alternative-fuel vehicles. Different bureaucrats, different causes, you know.
This would be funny if it weren't so sad and infuriating.
The New York Times has the story at Hybrid Taxis Encounter Catch-22 of Regulation.
Hat tip: Out of Control
Bonus Quotation of the Day… - (Don Boudreaux) Tweet… is from the closing lines of one of the best articles ever written on externalities – an article, on this topic, second only to Rona...
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