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.
MILTON FRIEDMANA minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
More Milton Friedman Quotes
-
-
Nobody spends somebody else’s money as carefully as he spends his own.
MILTON FRIEDMAN -
The unions might be good for the people who are in the unions but it doesn’t do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn’t do a thing for them.
MILTON FRIEDMAN -
Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
MILTON FRIEDMAN -
You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.
MILTON FRIEDMAN -
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.
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 -
Political freedom means the absence of coercion of a man by his fellow men.
MILTON FRIEDMAN -
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
MILTON FRIEDMAN -
If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.
MILTON FRIEDMAN -
The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
MILTON FRIEDMAN -
The combination of economic and political power in the same hands is a sure recipe for tyranny.
MILTON FRIEDMAN -
Nothing is so permanent as a temporary government program.
MILTON FRIEDMAN -
Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
MILTON FRIEDMAN -
There’s no such thing as a free lunch.
MILTON FRIEDMAN -
One role of prohibition is in making the drug market more lucrative.
MILTON FRIEDMAN -
Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition.
MILTON FRIEDMAN -
Governments never learn. Only people learn.
MILTON FRIEDMAN -
When you start paying people to be poor, you wind up with an awful lot of poor people.
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 -
With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
MILTON FRIEDMAN -
The only corporate social responsibility a company has is to maximize its profits.
MILTON FRIEDMAN -
There are severe limits to the good that the government can do for the economy, but there are almost no limits to the harm it can do.
MILTON FRIEDMAN -
Inflation is the one form of taxation that can be imposed without legislation.
MILTON FRIEDMAN -
There’s no point in comparing an actual, operating system with an ideal system that doesn’t exist.
MILTON FRIEDMAN -
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 FRIEDMAN -
Since the 1930s the technique of buying votes with the voters’ own money has been expanded to an extent undreamed of by earlier politicians.
MILTON FRIEDMAN