Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes wrong.
Milton FriedmanEvery economist knows that minimum wages either do nothing or cause inflation and unemployment. That's not a statement, it's a definition.
Milton FriedmanGermany's problem, in part, is that it went into the euro at the wrong exchange rate that overvalued the deutsche mark.
Milton FriedmanA free man will ask neither what his country can do for him nor what he can do for his country.
Milton FriedmanGovernment has three primary functions. It should provide for military defense of the nation. It should enforce contracts between individuals. It should protect citizens from crimes against themselves or their property. When government-- in pursuit of good intentions tries to rearrange the economy, legislate morality, or help special interests, the cost come in inefficiency, lack of motivation, and loss of freedom. Government should be a referee, not an active player.
Milton Friedman