Taxes in a Natural Monopoly?

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There at least appears to be a long history of the taxi sector being somewhat of a natural monopoly. What's the final equilibrium in new york city and elsewhere? And does the company uber have positive value, given that right now it's losing money per ri? If the price goes up, i would prefer to shift back to taxis.

Is Matt Levine a modern-day Horace? Like Matt, Horace has a preoccupation with wealth and the law. There’s a playful humor as he segues from topic to topic. An ability to read Latin. And many of Horace’s letters are about the length of a Bloomberg View column. QED, says Tyler.

So Matt, the Latin teacher turned lawyer turned investment banker turned finance writer, recently joined Tyler for a conversation on Horace and more, including cryptocurrencies, Buffy the Vampire Slayer, Nabakov, New York, Uber, financial regulation, market volatility, M&A, whether finance is nerdy, and why panic is central to the Matt Levine production function.

Read a full transcript enhanced with helpful links.

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