Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That’s not a statement, it’s a definition.
MILTON FRIEDMANI’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.
More Milton Friedman Quotes
-
-
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.
MILTON FRIEDMAN -
A free man will ask neither what his country can do for him nor what he can do for his country.
MILTON FRIEDMAN -
You know there are very few Marxists left in the world they’re all in American universities.
MILTON FRIEDMAN -
The great achievements of civilization have not come from government bureaus.
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 -
The power to do good is also the power to do harm.
MILTON FRIEDMAN -
Political freedom means the absence of coercion of a man by his fellow men.
MILTON FRIEDMAN -
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.
MILTON FRIEDMAN -
The excuse for the destruction of liberty is always the plea of necessary ‘ that there is no alternative.
MILTON FRIEDMAN -
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
MILTON FRIEDMAN -
Concentrated power is not rendered harmless by the good intentions of those who create it.
MILTON FRIEDMAN -
There’s no such thing as a free lunch.
MILTON FRIEDMAN -
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 -
Most of the energy of political work is devoted to correcting the effects of mismanagement of government.
MILTON FRIEDMAN






