If there’s a cyclical event in economics as dependable as the rising sun in the natural world, writes Ted Roberts, it’s the regularity of postal rate increases. Get ready. The USPS–a government monopoly that laughs at government regulations prohibiting monopolies—-is gearing up for another price increase. The last increase—3 cents—was in 2002. This one in 2006, say the experts, will be 2 cents. For a certain kind of mail, it’s the only game in town. FULL ARTICLE
Source link: http://blog.mises.org/3580/postal-commissars-to-raise-rates-dont-complain/
Postal Commissars to Raise Rates. Don’t Complain.
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You gotta love that the USPS actually has the audacity to advertise. It’s laughable on two fronts. They have a monopoly on regular mail services – who are they competing with?? Then, the USPS uses that monopoly to leverage itself into market segments fully serviced by private carriers re package and overnight services.
What a joke! Lance Armstrong — change teams!
Lance Armstrong did change teams. He’s now a member of team Discovery Channel. Go free enterprise! And according to his website at http://www.lancearmstrong.com/sponsors.htm ,it doesn’t look like the USPS is a secondary sponsor. On another note, does anyone know if these rate increases are just to keep pace with inflation? Or do they charge more to compensate for their lack of incentives to innovate?
There was a chart comparing postage prices and inflation generally in the Daily Reckoning last month (scroll down):
http://www.dailyreckoning.com/RudeAwake/Articles/RA041305.html
That is fine, more people will pay their bills o9nline the same as I do, therefore stamps will become a thing of the past with few people continuing to pay the antiquated way.
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