Edmund Phelps

When public spending in the form of transfer payments makes various services and benefits free of charge, work is discouraged. Yet it is precisely Social Security that legislators fear to cut.
When public spending in the form of transfer payments makes various services and benefits free of charge, work is discouraged. Yet it is precisely Social Security that legislators fear to cut.
Rotate quotes
benefit  charge  cut  

These are some quotes by American author Edmund Phelps Economist, who was born on July 26, 1933.