Causes Quote by Milton Friedman

“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

★ ★ ★ ★ ★ 4.3 out of 5 (7 ratings)

Causes Definitions Economist Inflation Investing Knows Minimum Minimum wage Statements Unemployment Wages

More by Milton Friedman

The government solution to a problem is usually as bad as the problem.

Milton Friedman

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

Image

To really understand something you've got to reduce it to its principles.

Milton Friedman

Image

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

Image

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

Image

“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

Image

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

Image

The government doesn't have any money. The only power it has is to take from some and give to others.

Milton Friedman

Image

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

Image

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