Photo: Flickr/Jason Lawrence

• How a cab medallion system is counterproductive: it introduces artificial scarcity and distorts drivers’ incentives.
• Russ Roberts points out that Japan’s fuel shortages are no mystery and that the solution isn’t more regulation. Shortages are a result of price controls that keep a scare product artificially inexpensive.
• Some fancy CSS work by Josh Brewer yields an impressive typographic result.
• New York City’s parking “privatization” scheme is a bad idea that isn’t really privatization at all, Stephen Smith argues.
• Last but not least, Dan Mitchell rounds up the late-night hosts’ cracks about Libya. My favorite, from Conan: “It’s being reported that Moammar Gadhafi is surrounded by an elite core of female bodyguards. In a related story, Charlie Sheen invaded Libya.”