Tuesday, May 29, 2007

Is The Forever Stamp A Good Investment?


Absolutely not. Since 1971, postal rates have increased more slowly than the actual inflation rate, as measured by the Consumer Price Index. In fact, this pattern must hold—as a matter of law. In December, President Bush signed the Postal Accountability and Enhancement Act, which ensures that future price increases will be kept below an inflation-based ceiling. See full story in Slate.

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