Words Worth Noting - April 27, 2022

“Why does the Post Office return a letter that’s one cent short on the postage? It costs more than a cent to get the extra penny. But if they didn’t, almost everyone would send insufficient postage letters and they’d lose a fortune.”

This one is from me (January 2, 2002) and if you think it prosaic, well, it’s still an important principle of economics.