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DC Councilman Graham's Chief of Staff Indicted on Bribery Charges Related to Taxi Legislation

Yesterday, I strongly criticized the taxicab medallion system proposed for the District of Columbia by council members Jim Graham and Muriel Bowser as protectionist, economically illiterate, and so incredibly stupid as to defy reason. Today, an explanation for this idiocy may be at hand -- Graham's chief of staff, Ted Loza, has been indicted on bribery charges relating to the taxicab legislation. This cannot but help remind me of the happy conclusion of CEI's dinner video this year, "It's a Wonderful Institute." To paraphrase: The money was in the chief of staff's proverbial basement!