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Here's where I stopped reading: [..] some 20 percent of direct-mail advertising volume is comprised of credit card, mortgage and other financial offers. So yes
by sho 18y ago
Here's where I stopped reading:
[..] some 20 percent of direct-mail advertising volume is comprised of credit card, mortgage and other financial offers. So yes, the USPS has contributed in a subtle yet very real way to our burst economic bubble.
Ludicrous. If that's the level of the author's insight, why bother reading the rest?
- Nogwater 18y agoIt's funny. That's where I stopped too.
- gojomo 18y agoThen you missed a lot of meaty info because of a throwaway line. Compared to other subsidies the government has been giving bad actors, this USPS subsidy to the credit industry is minor, yes. But it's surprising how merely mentioning it closes your mind to the rest of the analysis. It's almost like you've got a post-hypnotic suggestion preventing you from questioning certain monopolies!
- sho 18y agoHardly. I don't live in America, in fact I'm in a country mentioned as an example of a "good" post office. The assertion that a subsidy on direct mail somehow contributed to the ongoing financial crisis is just stupid and calls into question the author's basic understanding of the subject and ability to identify relevant information. You might as well say that coffee contributed to the crisis because it enabled bankers to stay up later and write more bad contracts. Hell, name anything you want and I'll connect it to the crisis using some bullshit six-degrees-of-separation methodology like the author used for direct mail.