Search Results for: ‘milton friedman’

OPEN LETTER TO BARACK OBAMA ON HIS AUTOBIOGRAPHY “A PROMISED LAND” Part 75 OBAMA LOVES RAISING MINIMUM WAGE, but Milton Friedman observed: “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 – A Conversation On Minimum Wage FREE TO CHOOSE February 4, 2021 Office of Barack and Michelle ObamaP.O. Box 91000Washington, DC 20066 Dear President Obama, I wrote you over 700 letters while you were President and I mailed them to the White House and also published them on my blog http://www.thedailyhatch.org .I received several […]

My February 9, 2021 letter to President Joe Biden, Milton Friedman observed, “John F. Kennedy, when he was in Congress, said explicitly that he was testifying in favor of a rise in the minimum wage because he wanted protection for the New England textile industry against competition from the so-called cheap labor of the South”

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) February 9, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]

My February 7, 2021 letter to President Joe Biden, “The high rate of unemployment among teenagers, and especially black teenagers,* is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws.” —Milton Friedman

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) February 7, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in the […]

My February 5, 2021 letter to President Joe Biden, Nobel Prize winner Milton Friedman once heard a Third World bureaucrat, suffering from this fallacy, defend his decision to have poor workers dig a massive canal with shovels rather than earth movers because that meant more jobs. Friedman quipped: “Why don’t you replace their shovels with spoons?“

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) February 5, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]

My February 3, 2021 letter to President Joe Biden, Milton Friedman asserted, “There is absolutely no positive objective achieved by the minimum wage law,” and ”the people who are hurt most by higher minimums are the most poverty stricken.”

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) February 3,  2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]

My February 1, 2021 letter to President Joe Biden, Milton Friedman noted, “I have often said that the most anti-black law on the books of this land is the minimum wage law”

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) February 1, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]

My January 30,2021 letter to President Joe Biden, Milton Friedman noted, “The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills”

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) January 30,, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]

My January 28, 2021 letter to President Joe Biden, To paraphrase Nobel Laureate Milton Friedman: “Would you rather have no job at $15 an hour than a job at $7.25 an hour?”

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) January 28, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]

My January 26, 2021 letter to President Joe Biden, Free-market economists like Milton Friedman have argued that a national minimum wage would lead to unemployment as firms would be unable to pay workers!

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) January 26, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]

My January 24, 2021 letter to President Joe Biden, Milton Friedman noted, “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.”

Ep. 4 – From Cradle to Grave [6/7]. Milton Friedman’s Free to Choose (1980) January 24, 2021 President Biden c/o The White House 1600 Pennsylvania Avenue NW Washington, DC 20500 Dear Mr. President, Thank you for taking time to have your office try and get a pulse on what is going on out here in […]