Kevin Drum Doesn't Like Postal Banking: A Reply

I see Kevin Drum is unhappy about my endorsement of postal banking as a way to address the Postal Services financial problems. Kevin correctly points out that the Inspector General’s (IG) argument for postal banking didn’t involve conventional savings and checking accounts, but rather more narrow financial services:

“1) payment mechanisms (i.e., electronic money orders), (2) products to encourage savings, and (3) reloadable prepaid cards. The first is fine, but not really ‘postal banking.’ Th...