In February of 2006, the last telegram was delivered in America. Why did telegrams stop? Simple. They ceased to be profitable and were no longer needed. Hmmm. Shouldn’t those economic principles apply to the entire U.S. Postal Service? After all, it is required to operate like a business, and any business that loses billions every single year ($5.1 billion in 2011) would close up or be closed up by its creditors. However, the Postal Service has 435 members on its Board of Governors (aka House of Representatives) who insist that the office be funded for their own personal gain, yet if a private Board did that, its members would be in jail. The Service shows the merits of privatization, the malpractice of Congress and the inability of government to do anything as efficiently as private business. To discuss the many lessons of the Postal Service debacle, Bob spoke to Ed Hudgins, the Director of Advocacy at the Atlas Society. Let’s put the Post Office in the dead letter bin.