DO WE REALLY WANT TO BANK AT THE POST OFFICE?

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    • Abstract:
      The article presents a discussion of the Postal Banking Act introduced by U.S. Senators Kirsten Gillibrand and Bernie Sanders, adapted from a piece published in "Cato Journal." It cites the capability of the Postal Service to provide nonbank financial services to people whose needs are not being met by the traditional financial sector. It also examines some misleading statements by supporters of postal banking.