Milton Friedman Quotes:

"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."

"Nobody spends somebody's money as carefully as he spends his own.

Nobody uses somebody's resources as carefully as he uses his own. 

So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property."

"Governments never learn. Only people learn."

"So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? 

My answer to that is no they do not"

"The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. 

That is why it is so essential to preserving individual freedom."

"Most economic fallacies derive from the tendency to assume that there is a "fixed" pie, that one party can gain only at the expense of another."

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

"What kind of society isn't structured on greed? 

The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system"

"History suggests that capitalism is a necessary condition for political freedom. 

Clearly it is not a sufficient condition."

"The society that puts equality before freedom will end up with neither. 

The society that puts freedom before equality will end up with a great measure of both." 

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7 Reasons for Raising Minimum Wage to $15

A video from MoveOn.org starring Robert Reich explains why the federal minimum wage should be raised to $15 an hour, not just $10.10 as has been proposed.

These are the seven reasons Reich gives for raising the minimum wage:

Number one:

Had the minimum wage been raising to keep up with inflation, it would already be well over $10.10. Additionally, Americans are twice as productive as they were in the 1960s.

Number two:

Minimum wage, even at $10.10 is not enough to raise Americans out of poverty or relieve the burden on government programs. Leaving the minimum wage at $7.25 or failing to raise it to $15 an hour leaves many Americans still in poverty.

Number three:

Many employers are taking advantage of government programs and refusing to compensate employees accordingly. Instead, these corporations train their employees to file for subsidies. If the GOP really wants to get people off of government subsidies, the best way to do that is to get corporations to adequately compensate their employees.

Number four:

It will create more jobs.

Number five:

Fierce competition will keep prices down. It has been argued that increasing wages will cause companies to raise their prices. This is not true.

Number six:

Democrats should be pushing for more than the $10.10 proposed by President Obama. Republicans are already wholly dismissive of the $10.10 proposal. If Democrats are going to expend political capital to try and obtain anything, they may as well try and get what the country needs.

Number seven:

As Reich says, “Raising the minimum wage to $15 an hour isn’t just smart economics, it’s the right things to do.

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