Milton Friedman Explains the Minimum Wage

Posted on February 19, 2013 1:00 pm

I thought this was a pretty good video explaining exactly how the minimum wage ruins everything:

The market is a wild animal. If you try to restrain it, you get bit.

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6 Responses to “Milton Friedman Explains the Minimum Wage”

  1. Flaxon says:

    Capitalist Propaganda?

  2. Harvey says:

    @1 – Good call. I’ll add it.

  3. Jimmy says:

    I liked the part about the dual interests: “do-gooders” and “special interests.”

    They used to be called “bleeding hearts” and “greedy bastards.”

  4. Crabby Old Bat says:

    So why do they keep passing these stupid laws? He tells us right at the end, when he makes it clear that the “real purpose” – and indisputable effect – of the minimum wage laws is to help the trade unions keep wages artificially high for their privileged members. Trade unions and Democrats – the Unholy Alliance.

  5. NO_MO_BAMA says:

    He called them negros!!!11!!!!1!1!!1 All his arguments are racist and irrelevant! Just how many negros do you own Mr. Friedman?

  6. Son of Bob says:

    Then: Ronald Reagan and Milton Friedman
    Now: John Boehner and Sean Hannity

    Uggh.

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