Milton Friedman Quotes (75 quotes)
“A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.”
Interview, Playboy, February 1973
An Economist's Protest (1975), p. 6
“Every friend of freedom... must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence.”
An Open Letter to Bill Bennett in The Wall Street Journal (7 September 1989)
“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.”
From Created Equal, the last of the Free to Choose television series (1990, Volume 5 transcript).
“Most of the energy of political work is devoted to correcting the effects of mismanagement of government.”
PBS 'Firing Line' (October 9, 1988)
“There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.”
Free to Choose (1980), segment Who protects the consumer?
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Picture Source: Wikimedia CommonsMilton Friedman
Born: July 31, 1912
Died: November 16, 2006 (aged 94)
Bio: Milton Friedman was an American economist, statistician, and author who taught at the University of Chicago for more than three decades. He was a recipient of the Nobel Memorial Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.