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USPS Folly Was Foreshadowed by Confederate Post Office

Feb. 7 (Bloomberg) -- The announcement yesterday that the U.S. Postal Service will cease Saturday delivery starting in August highlights the core paradox of the system: that it should both serve a universal civic function and generate enough revenue to sustain its enormously expensive operation.

Since 1971, the postal service has been run as a business-like independent government agency. As e-mail and other forms of digital communication have proliferated and health-care costs have soared, the system’s finances have deteriorated.