"I'm no pusher. I never have pushed [taxicab medallions]."
October 24, 2011 9:33 PM Subscribe
Last month, The Atlantic reported that since 1980s, the price of a metallic NYC taxi license has grown four-times faster than the average home or a brick of gold, claiming it to be a wonderful "inflation hedge." This report proved prescient; on Friday two such medallions (which merely represent the taxi's license) just sold for $1 million apiece — a 42% increase just since August. Also on Friday, mere hours after reading the newsstand headlines, Midtown Manhattan resident Tom Poteat looked down to see a medallion, unattached to its taxi, lying on the sidewalk.
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