Episode 93 : The Post Office: Explained
Confused about what's going on with the Post Office?
I am. So I asked my friend Brian McNicoll, who has written about the post office for many years and has a real feel for its economics and the politics, to clarify what's going on.
In our conversation he tells me, "the Post Office has a monopoly on two things. Only the post office can put something in your mailbox and only the post office can handle first class mail. But the number of first class letters have dropped by almost 40% in the last decade. And in the last 15 years, the U.S. Postal Service has lost some $60 billion and is expected…
The skinny
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