<!-- bryant-content-generator:start --> # Trust can reduce the cost of exchange. An... > Trust can reduce the cost of exchange. An honor-system farm stand, a reliable local professional, or a community with remembered conduct requires fewer defensive transactions because reputation carries information. Trust economics works when the social cost of betrayal remains greater than the short-term reward. **Source:** [[livestreams/Money, Self-Worth, and Decentralized Opportunity — Part 2 - Workbook|Money, Self-Worth, and Decentralized Opportunity — Part 2]] ## Share on Social Media ``` “Trust can reduce the cost of exchange. An honor-system farm stand, a reliable local professional, or a community with remembered conduct requires fewer defensive transactions because reputation carries information. Trust economics works when the social cost of betrayal remains greater than the short-term reward.” — Bryant McGill https://bryantmcgill.com/quotes/quotes-trust-reduce-cost-short-term-reward ``` <!-- bryant-content-generator:end -->