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 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
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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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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.
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Anything that government can do, private enterprise can do for half the cost.
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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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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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Corruption is government intrusion into market efficiencies in the form of regulations.
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If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand.
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When you start paying people to be poor, you wind up with an awful lot of poor people.
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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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There is one and only one responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.
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You cannot simultaneously have free immigration and a welfare state.
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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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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.
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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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Inflation is the one form of taxation that can be imposed without legislation.
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Governments never learn. Only people learn.
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The combination of economic and political power in the same hands is a sure recipe for tyranny.
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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.
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The essential notion of a capitalist society … is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.
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Is it really true that political self-interest is nobler somehow than economic self-interest?
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There’s no doubt in my mind that Ronald Reagan was by far the greatest. Because he had real principles and he stuck by them. He made clear what he was going to do, and he did it. He didn’t back down.
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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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Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
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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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The great achievements of civilization have not come from government bureaus.
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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