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Milton Friedman Quotes: The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.
         

The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.


Milton Friedman
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Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.



The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



The government solution to a problem is usually as bad as the problem.

The government solution to a problem is usually as bad as the problem.





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We both loved the birds and animals and plants. We both felt far happier out of doors. I felt a peace in nature that I could never find in the human world, as you know.

We both loved the birds and animals and plants. We both felt far happier out of doors. I felt a peace in nature that I could never find in the human world, as you know.



Transformation literally means going beyond your form.

Transformation literally means going beyond your form.



I think it's naive to pray for world peace if we're not going to change the form in which we live.

I think it's naive to pray for world peace if we're not going to change the form in which we live.



I hit the ball early and move my wrist a lot, so I get bigger angles.

I hit the ball early and move my wrist a lot, so I get bigger angles.



Who you are, what you are, does not change after you occupy the oval office. All it does is magnify who you are. All it does is shine a spotlight on who you are.

Who you are, what you are, does not change after you occupy the oval office. All it does is magnify who you are. All it does is shine a spotlight on who you are.



My eyes flew open, and I pushed back against rock-hard shoulders. I let out a little squeak of horror. "It's me," said a familiar voice. ..."Eric, what are you doing here?" "Snuggling.

My eyes flew open, and I pushed back against rock-hard shoulders. I let out a little squeak of horror. "It's me," said a familiar voice. ..."Eric, what are you doing here?" "Snuggling.



Where there's life, there's hope. Living people can change things, dead people cannot.

Where there's life, there's hope. Living people can change things, dead people cannot.



So I don't worry about, and people shouldn't worry about a draft I think we're in good shape, I really do. And, if not, we'll - I'll address the nation. But I don't see any need to right now.

So I don't worry about, and people shouldn't worry about a draft I think we're in good shape, I really do. And, if not, we'll - I'll address the nation. But I don't see any need to right now.



Do not let yourself be tainted with a barren skepticism.

Do not let yourself be tainted with a barren skepticism.



It makes no difference where you go ...there you are.

It makes no difference where you go ...there you are.




Quote Description


This page presents the quote "The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.". Author of this quote is Milton Friedman. This quote is about tragedy, poverty, minimum wage, groups, people, law, real, higher, want,.