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 free man will ask neither what his country can do for him nor what he can do for his country.
More Milton Friedman Quotes
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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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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 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.
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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 -
The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
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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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One role of prohibition is in making the drug market more lucrative.
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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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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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Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government.
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There’s nothing that does so much harm as good intentions.
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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.
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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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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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Society doesn’t have values. People have values.
MILTON FRIEDMAN