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Milton Friedman


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"The 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

(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Source: "Free to Choose" (1980), segment 2 of 10, "The Tyranny of Control"

http://quotes.liberty-tree.ca/quote_blog/Milton.Friedman.Quote.6D95

"With respect to teachers' salaries .... Poor teachers are grossly overpaid and good teachers grossly underpaid. Salary schedules tend to be uniform and determined far more by seniority."

-- Milton Friedman

(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Source: Capitalism and Freedom (1962), Ch. 6 "The Role of Government in Education"

http://quotes.liberty-tree.ca/quote_blog/Milton.Friedman.Quote.9AB3

"The unions might be good for the people who are in the unions but it doesn't do a thing for the people who are unemployed. Because the union keeps down the number of jobs, it doesn't do a thing for them."

-- Milton Friedman

(1912-2006) Nobel Prize-winning economist, economic advisor to President Ronald Reagan, "ultimate guru of the free-market system"

Source: Interview with Brian Lamb, In Depth Book TV (2000)

http://quotes.liberty-tree.ca/quote_blog/Milton.Friedman.Quote.84E1

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