Wed 21 Mar 2007
I find it amusing when the USPS announces their “forever stamp” and the implicit statement that makes regarding inflation…
The post office is basically admitting that their services and their costs will always continue to rise, a sign of perpetual inflation.? While the forever stamp makes sense as a business case (it can’t be cheap to make those 1c and 2c stamps all the time), it is another example of the increasing costs of government service, and the pricing distortions caused by monetary inflation.
March 27th, 2007 at 9:12 am
Here’s an amusing take on the stamp that argues that postal rates have beat CPI inflation by a wide margin:
http://www.dailywealth.com/archive/2007/mar/2007_mar_27.asp