We had much freer trade in the 19th century. We have much less globalization now than we did then.
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 FriedmanEverywhere, and at all times, economic progress has meant far more to the poor than to the rich.
Milton FriedmanPersonal freedom has grown greatly within China, and that will provoke ever more points of conflict between the individual and state.
Milton Friedman