Bonus Quotation of the Day…

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… is from page 42 of economists Phil Gramm’s, Robert Ekelund’s, and John Early’s superb 2022 book, The Myth of American Inequality: How Government Biases Policy Debate:

The explosion in transfer payments to low-income Americans since 1967 has induced twice as many prime work-age adults among the poor to stop working and accept government subsidies, exchanging development and use of their capabilities for idleness.