Sic Semper Tyrannis - Post details: USPS Issues Stamps Worth More Than US Currency

USPS Issues Stamps Worth More Than US Currency

Posted on 05-13-2007 at 06:00:08 pm by Aaron

, 143 words, 1902 views

Monday the US Postal Service will release it's "forever stamps" -- stamps that will always buy the same amount of postal services, no matter what the current cost is, in dollars/cents. This change is of course coincident with raising the first-class postal rate from $.39 to $.41, and raising other rates as well.

Anyway, this should be interesting: the ability to buy a constant amount of services with "forever" postage stamps makes them, technically, more valuable than US currency, which guarantees no constant amount of services upon tendering. And of course, the persistence of inflation in our craptacular system proves that the lack of such a guarantee really sucks.

I'll be stocking up, probably in books of this attractive Liberty Bell "forever" stamp.

"Liberty Forever" -- has a nice ring to it.

And avoiding inflation on US postage for the forseeable future has its own attraction!

Categories: government, economics, finance, freedom • 3 comments

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Comment from: Steve Waldman [Visitor]

· http://www.interfluidity.com/

If you start a Forever Stamp ETF, I'll invest in it!

Permalink 05-14-2007 @ 01:38

Comment from: Neal [Visitor]

· http://upsidedownstamps.com

Who uses the U.S. Postal service anymore anyway? I send everything through the private sector... it offers more security, it runs more efficiently, and I just don't like the idea of the Government getting my hard earned money... I worked for it, and I will spend more to keep it out of their nasty, Islomo-appeasing, hands!
I hope this ends up losing the federal government millions no billions!

Permalink 05-16-2007 @ 11:00

Comment from: S. Haust [Visitor]

It reminds me of TIPS, the "Treasury Inflation Protected Securities". This too needs an acronym and I suggest this one: "Postal Inflationary Secured Stamps"

Permalink 08-03-2007 @ 22:47