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 FRIEDMANFreedom is a rare and delicate plant. Our minds tell us, and history confirms, that the great threat to freedom is the concentration of power.
More Milton Friedman Quotes
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Nobody spends somebody else’s money as carefully as he spends his own.
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Hell hath no fury like a bureaucrat scorned.
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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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The government solution to a problem is usually as bad as the problem.
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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.
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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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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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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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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.
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Governments never learn. Only people learn.
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Since the 1930s the technique of buying votes with the voters’ own money has been expanded to an extent undreamed of by earlier politicians.
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You never can cure poverty. Poverty is in the eye of the beholder.
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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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If you pay people not to work and tax them when they do, don’t be surprised if you get unemployment.
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Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
MILTON FRIEDMAN