How bad was it, Paul?

The experience, not at the DMV that Professors Krugman and Henderson are recently defending, but at the USPS;

The United States Postal Service ended its second quarter with a net loss of $1.9 billion....

Which adds further to the government monopoly's woes;

"We're quite obviously in a deep financial hole," Joseph Corbett, USPS chief financial officer and executive vice president, told reporters in a briefing.

Liabilities totaling $64 billion exceeded current assets by $42 billion, adding to the agency's dire financial situation, the agency said in a statement.

Which some continue to ignore;

The USPS has sought legislative relief to let it modernize its business service offerings, restructure the future retiree health-fund payments and shift to a five-day mail delivery service.

Postmaster General Patrick Donahoe said he was disappointed in Congress' failure to act.

Is that also a libertarian myth?