Saturday, January 11, 2014

OLS heroes at the Institute for Justice win again!

The Institute for Justice played a major role in the negation of a 2010 Nashville statue designed to reduce competition in the limosine and sedan transportation services.  This story is a great example of how businesses use the power of government to reduce competition and to secure above-market rates and profits.  And it's also another great example of the kind of incredible work the OLS heroes at the Institute for Justice do all over the country.  Here's an excerpt from their recent news release on the Nashville case:
Nashville, Tenn.—In a major victory for Nashville’s transportation entrepreneurs and customers, the Metropolitan County Council voted 29-3 late yesterday to reduce the city’s $45 minimum price for limousine and sedan service to $9.  The original law, passed in 2010, nearly doubled the price of car service in Nashville, driving small transportation businesses off the road and leaving their customers out in the cold.  The change will go into effect immediately once Mayor Karl Dean signs it into law.

The change in the minimum fare follows a three-year legal battle over its constitutionality.  A group of local transportation entrepreneurs and the Institute for Justice (IJ) filed a federal lawsuit in 2011, pointing out that the law was literally written by Nashville’s most expensive limousine companies and designed to destroy their affordable competition.  The case came to a dramatic conclusion in January 2013, when a jury upheld the law.
[Emphasis Marc Street
You can read the rest of the news release here.  Way to go, IJ! [ht: carpe diem]