The post office is taking the values off of stamps. This is certainly nice for consumers, who will not have to keep track of one and two-cent changes in the price of a first-class stamp. I'm not sure how much, if at all, it will help the post office financially.
This move will provide some minor challenges for whoever does the accounting for the post office, for the same reason that gift certificates and gift cards pose an accounting issue for private firms. They represent a liability but one whose expected cost changes over time.
Be nice, given that the post office continues to lose money, if they would just take away its monopoly and privatize it. They say I'm a dreamer ...
Who was my favorite student this term?
6 months ago