Mises Wire
Author:
Douglas French
Online Publish Date:
It’s as old as time: taking on debt to fund a sure thing. Be it houses, stocks, cryptocurrencies, tulip bulbs or taxi medallions. Winnie Hu tells the current tale of woe brilliantly for The New York Times . Big city taxi medallions were once considered to be good as gold. Ms. Hu writes, Sohan Gill once saw his medallion as such a good investment