**PETER SCHIFF on being a LIBERTARIAN** IC Dec. 16, 2009.wmv

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• 2009

[MMAGRO1]

The cost of postage does not fully cover the cost from USPS to deliever the mail. The rest of it comes from taxes paid by taxpayers. USPS has a monopoly on delivering mail, so UPS and Fedex cannot compete. And even if the could compete by delivering mail, they still could not compete because USPS gets additional funding from taxpayers to keep it up and running, unlike fedex and UPS. So USPS will always have the advantage.

[greenalkalinerain]

Intelligent man, Peter Schiff. If I were American I might vote for him

[Tracywithafacey]

@TheCrypticPie As someone else has pointed out, you cannot have a monopoly in a true free market. And if you did, then the company that is the monopoly would be incredible as far as customer value etc were concerned, because it could have only have become a monopoly by benefiting the customer most

[Shrunkenhead61]

Anyone else notice that around WW2 that things started becoming bad? And now in 1980's Corporatism was born? A soft fascism?

Did Hitler or something move from Germany to here?

[Shrunkenhead61]

@jsmetona12 Sorry to chime in. The reason is because when they start getting expensive, consumers will say "This isn't worth the price." and go to another guy, right? I'm asking why?

This is important thing to know that monopolies can't happen in free market. Anyone else hate corporatism?

[FATToney12]

@TheCrypticPie The only monopolies that exist in a free market are natural monopolies.

[jsmetona12]

@TheCrypticPie monopolies can't exist in a true free market.

[TheCrypticPie]

"Prices go down and quality goes up" with one exception: Monopolies. That's one of my main fears as a Libertarian. I can't justify regulation to eliminate monopolies but I recognize that they aren't a good thing and could potentially challenge the minimal government I'd like.

[klaptongroovemaster]

"Why is the cost of making a phone call going down, while the cost of mailing a letter keeps going up?"

GASOLINE, maybe? The phone doesn't use any.

Just throwing that out there. I generally agree with the premise that government screws up everything they ever try to do. But this was a poor choice of an example.

[MajerussGut]

Lysander Spooner and the American Letter Mail Company. He was delivered mail at lower prices than USPS, but the government deemed his company illegal. We would certainly have a much more efficient, lower priced mail delivery system with several competing companies if not for the government granting USPS a territorial monopoly. USPS would still be in business because we're forced to pay for them through taxes, but nobody would use them anymore because we would finally realize how badly they suck.