Notable Quote - Edmund Phelps - Granite Grok

Notable Quote – Edmund Phelps

[T]he provision of private benefits to special interest groups leads not simply to some inefficiency but to a culture that undermines the spirit of aspiration and discovery that is required for economic dynamism.  Putting an end to a wanton disregard for the costliness of special interest legislation is likely to be a necessary condition for sustained dynamism.

– Edmund Phelps

>