Mdme. Chairman and Members of the Committee: thank you for inviting me here today to consider my qualifications to be a Member of the Board of Governors of the U.S. Postal Service. I am anxious to answer your questions, and I’m equally anxious to get to work in addressing the Postal Service’s many challenges and opportunities to serve the American people.

As many of you know, I served in the federal government in several positions during the Reagan Administration, most recently as Director of the Office of Management and Budget (1985-1988). As budget director I was a member of the President’s Cabinet and also a member of the National Security Council, the Economic Policy Council, and the Domestic Policy Council. Prior to that post, I served as Chairman of the Federal Trade Commission (1981-1985), where I was also a member of the Council of the Administrative Conference (later, its vice chairman). For the first eight months of the Reagan Administration, I was Administrator of Information and Regulatory Affairs at OMB. During earlier administrations, I served as a Senior Economist at the U.S. Department of Transportation (1969-1972), a Senior Staff Economist at the Council of Economic Advisers (1974-1975), and as an Assistant Director of the Council on Wage and Price Stability (1975-1977). I believe this experience enables me to understand the Postal Service’s nexus with the federal government.

Since leaving government in 1988 I have had extensive experience in business. Today, I am chairman of an economic, financial, and regulatory consulting organization, The CapAnalysis Group, which is an affiliate of the law firm, Howrey Simon Arnold & White. I’ve also served on the boards of several U.S. corporations. For example, at present I serve on the boards of Atlantic Coast Airlines (“United” and “Delta Connection”), The Tax-Exempt Fund of Maryland, The Tax-Exempt Fund of Virginia, the JPMorgan Value Opportunities Fund, and Washington Mutual Investors, Inc. I am chairman of the Audit Committee of both Atlantic Coast Airlines and Washington Mutual Investors, Inc., and I serve on the audit committees of the two tax-exempt funds. Previously, I served on the boards of Goulds Pumps and the Union Corporation (both since acquired). I believe my experience in business equips me to understand the Postal Service as a business enterprise.

In other times during my career, I have been involved in academic work and in public policy generally. For example, I have been a full-time university professor (Georgia State University [1968-1969] and Texas A&M University [1972-1974]), and later co-chair of the regulatory program at the American Enterprise Institute (1977-1981). I have served on the Board of Visitors of the U.S. Air Force Academy (1989-1992) and George Mason University (1998-2002). Since leaving government in 1988, I have published three books: The Economist as Reformer: Revamping the FTC, 1981-1985 (American Enterprise Institute, 1989); Fix the Budget!: Urgings of an ‘Abominable No-Man’ (Hoover Institution, 1994); and Monopoly Politics (Hoover Institution, 1999). I am a Distinguished Fellow at both the Center for Study of Public Choice and the Mercatus Center at George Mason University and am a Fellow of the Hoover Institution (by courtesy) at Stanford University. And, for most of the time since leaving government, I have been a Distinguished Fellow at Citizens for a Sound Economy Foundation and a member of the board of Citizens for a Sound Economy. At present I am an emeritus member of the boards of Citizens for a Sound Economy, The Progress & Freedom Foundation, and The Tax Foundation. I believe these experiences equip me to understand the broader policy implications of the Postal Service’s work and decisions affecting that work.

In summary, Mdme. Chairman, I believe my training in economic and financial matters, and my experience in both the private and public sectors, qualifies me to be a Member of the Board of Governors of the Postal Service. I look forward to addressing your questions.
Thank you.


ATTACHMENT

JAMES C. MILLER III
April, 2003

Jim Miller is Chairman of The Capital Analysis Group (“CapAnalysis”) at Howrey Simon Arnold & White, where he heads a team of economists, accountants, and regulatory experts that provides litigation support and performs analyses for the firm and for clients outside the firm. In addition, he is a Distinguished Fellow of the Center for Study of Public Choice at George Mason University, a Distinguished Fellow of the Mercatus Center at George Mason University, and a Senior Fellow (by courtesy) of the Hoover Institution at Stanford University. He is also a Member of the Emeritus Boards of Citizens for a Sound Economy, the Tax Foundation, and the Progress and Freedom Foundation, and he has been nominated by President Bush to be a Member of the Board of Governors of the U.S. Postal Service.

In addition, Miller is a Member of the Board of Atlantic Coast Airlines (“United Express” and “Delta Connection”), a Member of the Board of Recipco Corporation, a Member of the Board of Washington Mutual Investors Fund, a Member of the Board of the Tax-Exempt Fund of Maryland, a Member of the Board of the Tax-Exempt Fund of Virginia, a Member of the Board of the JPMorgan Value Opportunities Fund, and a consultant to Freddie Mac.

Jim is frequently called on to comment on public issues. He has appeared on the Today Show, CBS Morning News, Good Morning America, Meet the Press, Face the Nation, This Week, Inside Edition, MacNeil-Lehrer NewsHour, Crossfire, Inside Politics, Inside Edition, Late Edition, Kudlow-Cramer, and Wall Street Week. His opinion pieces have appeared in the Wall Street Journal, New York Times, Washington Post, Washington Times, USA Today, Investors Business Daily, and other major newspapers. He has also been an occasional commentator for Marketplace Radio.

In 1994, Miller was a candidate for the Republican nomination to the U.S. Senate from Virginia, losing a close race to Col. Ollie North at the state party’s convention in June. In 1996, once again Miller was a candidate for the Republican nomination to the U.S. Senate, losing to incumbent Sen. John Warner in the June primary. In 1998, he was treasurer of his wife’s campaign to represent Virginia’s 8th Congressional district (winning the primary but losing the general election) and assisted her with another (losing) run for the same office in 2000.

From October 1985 to October 1988, Miller was Director of the Office of Management and Budget, was a member of President Reagan’s Cabinet, and was a member of the National Security Council. From October 1981 to October 1985, he was Chairman of the Federal Trade Commission. And from January 1981 to October 1981, he was Administrator for Information and Regulatory Affairs at OMB, where, among other things, he set up President Reagan’s program of regulatory relief.

The holder of a B.B.A. in economics (University of Georgia, 1964) and a Ph.D. in economics (University of Virginia, 1969), Miller is the author of over 100 articles in professional journals and is the author, co-author, or editor of nine books, the most recent of which is Monopoly Politics, published in 1999 by the Hoover Press at Stanford University.

Miller was born in Atlanta on June 25, 1942, and was raised in Conyers, Georgia. He resides with his wife, Demaris (holder of a Ph.D. in psychology from George Mason University), in McLean, Virginia, and in Rappahannock County, Virginia. The Millers have three grown children, one daughter-in-law, one son-in-law, one granddaughter, and one grandson: Katrina Miller; Felix, Anna & Natalie Miller; and Sabrina, Fernando, & Tristan Pagkalinawan.

For further information, see www.capanalysis.com.