Edmund Phelps - When public spending in the form of transfer payments makes various services and ben...

Edmund Phelps Zitate

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.

Edmund Phelps

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Deutsche Übersetzung

Wenn die öffentlichen Ausgaben in Form von Transferzahlungen verschiedene Dienstleistungen und Vorteile kostenfrei machen, wird von der Arbeit abgeraten. Aber gerade die soziale Sicherheit fürchten die Gesetzgeber, sie zu kürzen.

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