Preparing to Meet God

"In spite of our shortcomings, our pride, our inconstancy, God loves us and has promised that 'as often as my people repent will I forgive them their trespasses against me.'"

On Transaction Costs

Transaction costs function just like any other cost--they ration the willingness of an individual to engage in some activity. They can take the form of financial costs, or, as in Dr. Boudreaux's example, they can take the form of inconvenience. In either form, they exact a cost above and beyond the price of the good or service one is purchasing.