I doubt that the stamps will earn that much more than the interest rate, although the inflation rate on stamps has been enormous -- three cents in my youth -- wasn't much of the jump in stamp prices the result of semi--privatization?
Charles Ponzi began by arbitraging Italian stamps, but then he went on to bigger things. Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901 www.michaelperelman.wordpress.com -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Bill Lear Sent: Monday, February 26, 2007 7:33 PM To: [email protected] Subject: [PEN-L] U.S. Stamps Did anyone have a comment on the new U.S. first-class stamp proposal? Buy a first class stamp and it will always be a first-class stamp. Doesn't this benefit the wealthy, who can stock up on cheap stamps, while the poor have to buy them as they need them? Bill
