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Education spending will be most effective if it relies on parental choice & private initiative -- the building blocks of success throughout our society.

Milton Friedman

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Milton Friedman
Age: 94 †
Born: 1912
Born: July 31
Died: 2006
Died: November 16
Economist
Essayist
Statistician
University Teacher
Writer
Brooklyn
New York
Milton Fridman
Blocks
Choice
Initiative
Building
Rely
Education
Choices
Effective
Society
Throughout
Success
Block
Relies
Spending
Parental
Private

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Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.
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Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an objective science.
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Our emphasis here is based not only on the growing seriousness of drug-related crimes, but also on the belief that relieving our police and our courts from having to fight losing battles against drug use will enable their energies and facilities to be devoted more fully to combating other forms of crime.
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Nobody spends somebody else's money as carefully as he spends his own.
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If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
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Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.
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Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the market, or artificially supporting them from above.
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Inflation is always and everywhere a monetary phenomenon.
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History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.
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If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. If it's an unattractive place, it will have a relatively low exchange rate. Those are the fundamentals that determine the exchange rate in a floating exchange rate system.
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The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them.
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. . I think the Adam Smith role was played in this cycle i.e. the late twentieth century collapse of socialism in which the idea of free-markets succeeded first, and then special events catalyzed a complete change of socio-political policy in countries around the world by Friedrich Hayek's The Road to Serfdom.
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To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.
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To the free man, the country is the collection of individuals who compose it, not something over and above them. He is proud of a common heritage and loyal to common traditions. But he regards government as a means, an instrumentality, neither a grantor of favors and gifts, nor a master or god to be blindly worshipped and served.
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I can spend somebody else's money on somebody else. And if I spend somebody else's money on somebody else, I'm not concerned about how much it is, and I'm not concerned about what I get. And that's government.
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The current oil crisis has not been produced by the oil companies. It is a result of governmental mismanagement exacerbated by the Mideast war.
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Anybody who was easily converted was not worth converting.
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Economic freedom is ... an indispensable means toward the achievement of political freedom.
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There's no point in comparing an actual, operating system with an ideal system that doesn't exist.
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And where are you going to get these angels who are going to run society for us?
Milton Friedman