"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"
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Academics from the United StatesNobel laureates from the United StatesEconomists from the United StatesNobel laureates in EconomicsPeople from Illinois
Original Language: English
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https://en.wikiquote.org/wiki/Edmund_Phelps
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Edmund Phelps
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