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

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
Limited
Skills
Law
Employer
Makes
Employers
Reality
Wage
Persons
Hire
Person
Minimum
Illegal

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There's no way to avoid a burden on your freedom. The costs themselves are a burden on your freedom. The restrictions that are necessary in order to get rid of the terrorists are a burden to your freedom. So there's no way in the short run to avoid a restriction on your freedom.
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Rich people are the experimental ground for every new development. The nature of progress is that what begins as a luxury for the rich becomes a necessity for the poor as it's developed and passed on.
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I am convinced that the minimum-wage law is the most anti-Negro law on our statute books in its effect, not its intent.
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Not all schooling is education nor all education, schooling.
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With some notable exceptions, businessmen favor free enterprise in general but are opposed to it when it comes to themselves.
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I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
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Governments never learn. Only people learn.
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The invisible hand in politics operates in the opposite direction to the invisible hand in the market.
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Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion - the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals - the technique of the marketplace.
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To the free man, the country is the collection of individuals who compose it, not something over and above them.
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Look, for example, at the obvious, immediate, practical example of illegal Mexican immigration. Now, that Mexican immigration, over the border, is a good thing. It's a good thing for the illegal immigrants. It's a good thing for the United States. It's a good thing for the citizens of the country. But, it's only good so long as its illegal....
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The history of mankind is the history of money losing value.
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The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes.
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The euro is going to be a big source of problems, not a source of help.
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The problem in this world is to avoid concentration of power - we must have a dispersion of power.
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If China don't free up the political side, its economic growth will come to an end - while it is still at a very low level.
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Saying it is one thing. Doing it is very different.
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