It proclaimed a new nation, the first in history establishe… - Milton Friedman

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It proclaimed a new nation, the first in history established on the principle that every person is entitled to pursue his own values: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights; that among these are Life, Liberty, and the pursuit of Happiness.

Milton Friedman

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About Milton Friedman

Milton Friedman (31 July 1912 – 16 November 2006) was an American economist noted for his support for free markets and a reduction in the size of government. In 1976 he was awarded a Nobel Prize in Economics.

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Alternative Names: Milton Galbraith Friedman

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F.A. Hayek Ludwig von Mises Murray N. Rothbard Leonard Read Friedrich Hayek

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The nineteenth-century liberal regarded an extension of freedom as the most effective way to promote welfare and equality; the twentieth-century liberal regards welfare and equality as either prerequisites of or alternatives to freedom.

History only suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition.

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.

It proclaimed a new nation, the first in history established on the principle that every person is entitled to pursue his own values: “We hold these … - Milton Friedman

About Milton Friedman

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