Lettuce Again, and Lumber
The Answer Is Transaction Costs
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The Positive Value of Transaction Cost
This week's letter is from S., a pastor and theologian. He says there are some transaction costs that are detrimental to church life. At the other extreme, he writes, churches vetting for someone who can be brainwashed. "A lot of churches seesaw back and forth between transactions costs that are too high or too low"
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