The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
MILTON FRIEDMANThere’s no such thing as a free lunch.
More Milton Friedman Quotes
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The government solution to a problem is usually as bad as the problem.
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The problem in this world is to avoid concentration of power – we must have a dispersion of power.
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Political freedom means the absence of coercion of a man by his fellow men.
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A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
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There’s nothing that does so much harm as good intentions.
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In the 1960s, The National Education Association changed its character. The NEA changed into a union. And from that point on you can see deterioration in the quality of schooling in the United States.
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Is it really true that political self-interest is nobler somehow than economic self-interest?
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You must distinguish sharply between being pro free enterprise and being pro business.
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Only a crisis, actual or perceived, produces real change.
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Since the 1930s the technique of buying votes with the voters’ own money has been expanded to an extent undreamed of by earlier politicians.
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Inflation is the one form of taxation that can be imposed without legislation.
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One role of prohibition is in making the drug market more lucrative.
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Because we live in a largely free society, we tend to forget how limited is the span of time and the part of the globe for which there has ever been anything like political freedom: the typical state of mankind is tyranny, servitude, and misery.
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See, if you look at the drug war from a purely economic point of view, the role of the government is to protect the drug cartel. That’s literally true.
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When you start paying people to be poor, you wind up with an awful lot of poor people.
MILTON FRIEDMAN






