Tuesday, May 22, 2007

Forever Stamp

Don't buy one.

Slate explains that when you adjust for inflation, postage stamps have actually been getting cheaper over the past 36 years, and are going to continue to do so. It's the law.

In December, President Bush signed the Postal Accountability and Enhancement Act, which ensures that future price increases will be kept below an inflation-based ceiling. In other words, postage hikes will never surpass inflation—and the forever stamp will never become a good investment.

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