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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.

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
Statements
Definitions
Economist
Investing
Inflation
Cause
Unemployment
Either
Wages
Causes
Statement
Nothing
Minimum
Every
Definition

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If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.
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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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Economic freedom is ... an indispensable means toward the achievement of political freedom.
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Inflation is the one form of taxation that can be imposed without legislation.
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One man's opportunism is another man's statesmanship.
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My interest in political philosophy was rather casual until I met Hayek.
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Statistics do not speak for themselves.
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There's no such thing as a free lunch.
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What does it mean to say that government might have a responsibility? Government can't have a responsibility any more than the business can. The only entities which can have responsibilities are people.
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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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The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.
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The broader and more influential organisations of businessmen have acted to undermine the basic foundation of the free market system they purport to represent and defend.
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By encouraging men to spy and report on one another, by making it in the private interest of large numbers of citizens to evade the controls, and by making actions illegal that are in the public interest, the controls undermine individual morality.
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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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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.
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Government is a way by which every individual believes he can live at the expense of everybody else.
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They think that the cure to big government is to have bigger government... the only effective cure is to reduce the scope of government - get government out of the business.
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Whenever you try to do good with someone else's money, you are committed to using force. How can you do good with somebody else's money, unless you first take it away from them? The only way you can take it away from them is the threat of force: you have a policeman, tax collector, who comes and takes it from them.
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Underlying most arguments against the free market is a lack of belief in freedom itself.
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There is no place for government to prohibit consumers from buying products the effect of which will be to harm themselves.
Milton Friedman