I’m in favor of legalizing drugs. According to my values system, if people want to kill themselves, they have every right to do so. Most of the harm that comes from drugs is because they are illegal.
MILTON FRIEDMANSociety doesn’t have values. People have values.
More Milton Friedman Quotes
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The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
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Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition.
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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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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You cannot simultaneously have free immigration and a welfare state.
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The power to do good is also the power to do harm.
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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
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The government solution to a problem is usually as bad as the problem.
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I would say that in this world, the greatest source of inequality has been special privileges granted by government.
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The growing role that the government has played in financing and administering schooling has led not only the enormous waste of taxpayers money but also to a far poorer educational system.
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The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.
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Concentrated power is not rendered harmless by the good intentions of those who create it.
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With respect to teachers’ salaries …. Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority.
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Anything that government can do, private enterprise can do for half the cost.
MILTON FRIEDMAN