A minimum-wage law is, in reality, a law that makes it illegal for an employer to hire a person with limited skills.
Milton FriedmanThe Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.
Milton FriedmanIs it really true that political self-interest is nobler somehow than economic self-interest?
Milton FriedmanThe argument for collectivism is simple if false; it is an immediate emotional argument. The argument for individualism is subtle and sophisticated; it is an indirect rational argument. And the emotional faculties are more highly developed in most men than the rational, paradoxically or especially even in those who regard themselves as intellectuals.
Milton Friedman