Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition. — Milton Friedman Copy Share Image
The long-range sloution to high unemployment is to increase the incentive for ordinary people to save, invest, work, and employ others. We… — Milton Friedman Copy Share Image
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of… — Milton Friedman Copy Share Image
If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher… — Milton Friedman Copy Share Image
If you pay people not to work and tax them when they do, don't be surprised if you get unemployment. — Milton Friedman Copy Share Image
All of the progress that the US has made over the last couple of centuries has come from unemployment. It has come… — Milton Friedman Copy Share Image
In response to a suggestion that total free trade would end in cheaper foreign products flooding the market and causing unemployment. — Milton Friedman Copy Share Image
The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest.… — Milton Friedman Copy Share Image
I believe the role that people like myself have played in the transformation of public opinion has been by persistently presenting a different point… — Milton Friedman Copy Share
To really understand something you've got to reduce it to its principles. — Milton Friedman Copy Share
It is a mark of how far we have gone on the road to serfdom that government allocation and rationing of oil is the… — Milton Friedman Copy Share
Economic freedom is an essential requisite for political freedom. By enabling people to cooperate with one another without coercion or central direction, it reduces… — Milton Friedman Copy Share
“The people in one district can choose not to reelect their member of Congress, but that will not change the composition of the government… — Milton Friedman Copy Share
When you have a time of crisis what happens depends on what ideas are floating around, and what ideas have been developed, and thought… — Milton Friedman Copy Share
The government doesn't have any money. The only power it has is to take from some and give to others. — Milton Friedman Copy Share
What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?! — Milton Friedman Copy Share
World trade depends on differences among countries, not similarities. Different countries are in different stages of development. It is appropriate for them to have… — Milton Friedman Copy Share
Is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run… — Milton Friedman Copy Share
Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on… — Milton Friedman Copy Share
I think almost every economist would agree that government gets itself in trouble when it tries to interfere with voluntary behavior. — Milton Friedman Copy Share
It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability.… — Milton Friedman Copy Share
Hong Kong is the bellwether. If the Chinese stick to their agreement to let Hong Kong go its own path, then China will also… — Milton Friedman Copy Share
