A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
Milton FriedmanIf even a small fraction of the money we now spend on trying to enforce drug prohibition were devoted to treatment and drug rehabilitation, in an atmosphere of compassion not punishment, the reduction in drug usage and in the harm done to users could be dramatic.
Milton FriedmanThe only reason free markets have a ghost of a chance is that they are so much more efficient than any other form of organization.
Milton FriedmanA society that aims for equality before liberty will end up with neither equality nor liberty. And a society that aims first for liberty will not end up with equality, but it will end up with a closer approach to equality than any other kind of system that has ever been developed.
Milton FriedmanThere is no other complex field in our society in which do-it-yourself beats out factory production or market production. Nobody makes his or her own car. But it is still the case that parents can perform the job of educating their children [homeschooling], in many cases better than our present education system.
Milton Friedman