Milton Friedman
Liberals Love the Minimum Wage — Though It Hurts People Liberals Love
On April 1, the new California $20-per-hour minimum wage for fast-food workers went into effect. In signing the bill, California Gov. Gavin Newsom rejected the view that such a wage hike — 25% above the state’s current minimum wage — hurts teenagers who disproportionately benefit from fast-food jobs and for whom this becomes their entry into the job market. Newsom said: “That’s a romanticized…
Thank Milton Friedman for the Rise Support for School Choice
WASHINGTON — Who is buried in Grant’s Tomb? Actually, Ulysses S. Grant is buried in Grant’s Tomb, which comes as a bit of a surprise to young Americans educated in our modern educational factories, all airconditioned, with counselors on every floor and armed guards patrolling the halls. Also, there are psychiatrists on duty daily for troubled students who may have encountered a rude word in…
In Search of Cures for Inflation
WASHINGTON -- I have of late been searching vigorously through my morning newspapers for the causes of and the cures for inflation. It seems to me that most people whom I know are well aware of what causes inflation and what might be the cure for it. The cause is too much money chasing too few products. The cure for it is to restrain the growth of the money supply. The source of money is in…