If the only motive was to help people who could not afford education, advocates of government involvement would have simply proposed tuition subsidies.
Milton FriedmanThe excuse for the destruction of liberty is always the plea of necessary ' that there is no alternative
Milton FriedmanHumility is the distinguishing virtue of the believer in freedom; arrogance, of the paternalist.
Milton FriedmanThanks to economists, all of us, from the days of Adam Smith and before right down to the present, tariffs are perhaps one tenth of one percent lower than they otherwise would have been. And because of our efforts, we have earned our salaries ten-thousand fold.
Milton FriedmanWhat 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.
Milton FriedmanWe measure poverty by what I believe is a very, very crude concept. We actually measure poverty by trying to get some kind of an estimate of the minimum expenditures on food that are required to maintain health, multiplying that number by three, and saying that's the level of poverty. And it's a very crude, inaccurate arrangement.
Milton Friedman