Tuesday funnies
Read aguanomics http://www.aguanomics.com/ for the world’s best analysis of the politics and economics of water I was reminded (via CD) of several US Gov’t failures recently. The first was the (now discontinued) program in which the US Mint would sell dollar coins with “free” shipping. Many people used their credit cards to order coins that they returned immediately, while keeping the cash back or airline miles they got from their credit card companies. The Mint lost money on credit card fees and postage, of course.
But that’s not a problem, right, if the USPS makes money on postage? Not exactly, since the USPS business model is so stuck in the past — and a monopolistic mindset where they are begging people to use their useless services. Watch this useful parody:
If you want to see the future of the USPS, check out the privatized Dutch postal service. It sold post offices in 1993 and makes a profit (yes, a crazy word to put in the same paragraph as USPS).
Labor Day Bottom Line: You will have to work more if the government wastes your taxes.
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