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The growing role that the government has played in financing and administering schooling has led not only the enormous waste of taxpayers money but also to a far poorer educational system.

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
Waste
Administering
Role
Poorer
Roles
Financing
System
Schooling
Growing
Taxpayers
Money
Educational
Also
Enormous
Government
Played

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The free market is not only a more efficient decision maker than even the wisest central planning body, but even more important, the free market keeps economic power widely dispersed.
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A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.
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On aging societies, there is no reason why a country that has a lot of old people can't be prosperous if, during their working lives, individuals provide for their retirement.
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What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.
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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 real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
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Economic freedom is ... an indispensable means toward the achievement of political freedom.
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One of the great mistakes is to judge policies and programs by their intentions rather than their results.
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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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And where are you going to get these angels who are going to run society for us?
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Statistics do not speak for themselves.
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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.
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The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.
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