Every economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.
Milton FriedmanI think that the Internet is going to be one of the major forces for reducing the role of government.
Milton FriedmanThe only relevant test of the validity of a hypothesis is comparison of prediction with experience.
Milton FriedmanThe strongest argument for free enterprise is that it prevents anybody from having too much power. Whether that person is a government official, a trade union official, or a business executive. If forces them to put up or shut up. They either have to deliver the goods, produce something that people are willing to pay for, are willing to buy, or else they have to go into a different business.
Milton Friedman