When you start paying people to be poor, you wind up with an awful lot of poor people.
MILTON FRIEDMANOne role of prohibition is in making the drug market more lucrative.
More Milton Friedman Quotes
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There’s no such thing as a free lunch.
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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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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.
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The government doesn’t have any money. The only power it has is to take from some and give to others.
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Nothing is so permanent as a temporary government program.
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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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The only corporate social responsibility a company has is to maximize its profits.
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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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When everybody owns something, nobody owns it, and nobody has a direct interest in maintaining or improving its condition. That is why buildings in the Soviet Union – like public housing in the United States – look decrepit within a year or two of their construction.
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Government is a way by which every individual believes he can live at the expense of everybody else.
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The power to do good is also the power to do harm.
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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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Governments never learn. Only people learn.
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One role of prohibition is in making the drug market more lucrative.
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Most of the energy of political work is devoted to correcting the effects of mismanagement of 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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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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The excuse for the destruction of liberty is always the plea of necessary ‘ that there is no alternative.
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Society doesn’t have values. People have values.
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Only a crisis, actual or perceived, produces real change.
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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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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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You cannot simultaneously have free immigration and a welfare state.
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Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces the area over which political power is exercised.
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You know there are very few Marxists left in the world they’re all in American universities.
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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