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He rejects entirely, for example, the argument that going without insurance is a financial transaction due to the inevitability of running up healthcare costs sooner or later.
FORBES: Barnett: Mandate May Be A Tax, But It Sure Isn't A Requirement
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The FDIC will also expand deposit insurance for non-interest-bearing transaction accounts used by many small businesses.
FORBES: The Ownership Society
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But mortgage interest payments are not included in the CPI, nor are a variety of other costs, such as house depreciation, buildings insurance and ground rent, and house transaction costs such as estate agents' fees, survey costs and conveyancing charges.
BBC: New inflation measure proposed
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The company may require that you to purchase a life insurance policy, which will add to your transaction expenses and reduce your payout.
FORBES: Pension Loans Finally Catch Regulators' Attention
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Next, I dare you to recall the last time that a transaction for tennis shoes, an insurance policy, a vacation, or a piece of software left you more than dissatisfied.
FORBES: Who Gave You The 'Cheese?'
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As I described in Part Two of this series, driverless cars have the potential of dramatically reducing the transaction costs associated with transportation, including the capital cost, depreciation, fueling, maintenance and insurance.
FORBES: How Traditional Automakers Can Still Win Against Google's Driverless Car: Part 5
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The agency characterized the transaction as being done on an "open bank basis, " with no risk to the deposit insurance fund.
FORBES: The Big Banks