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 FRIEDMANNothing is so permanent as a temporary government program.
More Milton Friedman Quotes
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I am a libertarian with a small “l” and a Republican with a capital “R”. And I am a Republican with a capital “R” on grounds of expediency, not on principle.
MILTON FRIEDMAN -
Every person shall be free to do good at his own expense.
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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
MILTON FRIEDMAN -
Is it really true that political self-interest is nobler somehow than economic self-interest?
MILTON FRIEDMAN -
The excuse for the destruction of liberty is always the plea of necessary ‘ that there is no alternative.
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Concentrated power is not rendered harmless by the good intentions of those who create it.
MILTON FRIEDMAN -
The word ‘free’ is used three times in the Declaration of Independence and once in the First Amendment to the Constitution, along with ‘freedom.’ The word ‘fair’ is not used in either of our founding documents.
MILTON FRIEDMAN -
A free man will ask neither what his country can do for him nor what he can do for his country.
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
MILTON FRIEDMAN -
Only a crisis, actual or perceived, produces real change.
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A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
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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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If you cannot state a proposition clearly and unambiguously, you do not understand it.
MILTON FRIEDMAN -
Nothing is so permanent as a temporary government program.
MILTON FRIEDMAN -
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.
MILTON FRIEDMAN