I saw a sign at the Post Office yesterday that said: “USPS receives no federal tax dollars for its operations.” Then I remembered that Doug French recently posted something about the Post Office on the Mises blog. According to USPS spokeswoman Sue Brennen, only 19 percent of post offices cover their costs.” The Post Office lost $8.5 billion for fiscal year 2010.

So I guess the question is: How does the Post Office pay its employees and vendors if it lost billions but received no federal tax dollars?

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