Mises Wire
Author:
Paul-Martin Foss
Online Publish Date:
you have the fact that the Postal Service is run by a Board of Governors that sets policy but is responsible to the President and Congress, not to the profit and loss motivations of the market, and you have a recipe for banking services policies that will prove to be disadvantageous to consumers and inflexible in providing banking services to the unbanked and underbanked is to free up banking competition by lowering barriers to entry and eliminating burdensome anti-privacy