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Quote by Milton Friedman

“A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.”

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Milton Friedman was a renowned economist known for his contributions to the field of free-market economics. His research in monetary economics, consumer behavior, and tax policy has had a profound impact. more

“What most people really object to when they object to a free market is that it is so hard for them to shape it to their own will. The market gives people what the people want instead of what other people think they ought to want. At the bottom of many criticisms of the market economy is really lack of belief in freedom itself.”

People Thinking Want Giving Hard Belief Economy Objects Ought Shapes Criticism Bottom Free Market Market Economy

Author:Milton Friedman

“Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all.”

Long Government Pain Term Economy Cutting Gains Spending Long Term Short Term Intrusion Government Spending

Author:Milton Friedman

“I have long been a critic of Social Security, basically because I believe that it is not the business of government to tell people what fraction of their incomes they should devote to providing for their own or someone else's old age.”

People Should Believe Long Government Age I Believe Social Security Critics Income Old Age Providing Social Security Fractions

Author:Milton Friedman

“It is taken for granted that workers should receive their pay partly in kind, in the form of medical care provided by the employer. How come? Why single out medical care? Surely food is no less essential to life than medical care. Why is it not at least as logical for workers to be required to buy their food at the company store as to be required to buy their medical care at the company store?”

Should Kind Care Form Pay Company Taken Essentials Workers Stores Medical Granted Logical Employers Taken For Granted Medical Care

Author:Milton Friedman

“The evidence of history speaks with a single voice. I do not know any exception to the proposition that if you compare like with like, the freer the system, the better off the ordinary poor people have been.”

People Ifs Knows Has Beens Speak Voice Poor Ordinary Evidence Compare Exception Propositions Poor People Better Off

Author:Milton Friedman

“Government is a way by which every individual believes he can live at the expense of everybody else.”

Way Believe Government Individual Expenses

Author:Milton Friedman

“There's a smokestack on the back of every government program.”

Government Program Government Programs

Author:Milton Friedman

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”

Increase Investing Phenomenon Quantity Inflation Rapids Monetary Output

Book:Money Mischief: Episodes in Monetary History

Source: Money Mischief: Episodes in Monetary History

“The true test of any scholar's work is not what his contemporaries say, but what happens to his work in the next 25 or 50 years. And the thing that I will really be proud of is if some of the work I have done is still cited in the text books long after I am gone.”

Ifs Years Long Stills Book Done Happens Next Gone Five Proud Tests Twenties Fifty Scholar Be Proud Twenty Five

Author:Milton Friedman

“I have so many different personalities in me and I still feel lonely.”

Feels Stills Different Personality Lonely Feeling Lonely Being Lonely Lonely And Alone Like Being Alone I Feel Lonely Two Personalities

Author:Tori Amos

Quote by Milton Friedman

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