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Milton Friedman on Wages, unions, and the minimum wage

How much attention is paid to agreement between Galbraith and myself in opposing a draft and favoring an all-volunteer armed force, or in opposing tariffs and favoring free trade, or on a host of other issues? What is newsworthy is that Galbraith endorses wage and price controls, while I oppose them.
Interview with Milton Friedman
Interview, 1973, Playboy
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  1. I have limited myself to points that are objective and readily checked. They are nevertheless adequate to demonstrate that the Army has chiefly itself to blame for its failure. They suggest also that the Army cannot be counted on to reform itself. Civilian leadership is essential to make all-volunteer armed force work.
    Volunteer Armed Force: Failure or Victim?
    Column, 1974, Newsweek, February 11, 1974; reprinted in the Congressional Record, Extensions of Remarks, February 27, 1974, p. 4572, introduced by Representative William A. Steiger of Wisconsin, who cites it as appearing “in the February 11 Newsweek”, Congressional Record, February 27, 1974, p. 4572
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  2. As a longtime proponent of an all-volunteer armed force, I regard the end of the draft as one of President Nixon’s and then-Secretary of Defense Melvin Laird’s finest hours. No other measure has done so much to end the divisions that were threatening to tear this nation apart. No other measure has done so much to reduce the real cost of defending the nation.
    Volunteer Armed Force: Failure or Victim?
    Column, 1974, Newsweek, February 11, 1974; reprinted in the Congressional Record, Extensions of Remarks, February 27, 1974, p. 4572, introduced by Representative William A. Steiger of Wisconsin, who cites it as appearing “in the February 11 Newsweek”, Congressional Record, February 27, 1974, p. 4572
    Checked against the sourceRead the original
  3. The supporters of tariffs treat it as self-evident that the creation of jobs is a desirable end, in and of itself, regardless of what the persons employed do. That is clearly wrong. If all we want are jobs, we can create any number—for example, have people dig holes and then fill them up again, or perform other useless tasks. Work is sometimes its own reward. Mostly, however, it is the price we pay to get the things we want. Our real objective is not just jobs but productive jobs—jobs that will mean more goods and services to consume.
    Free to Choose
    Book, 1980, Ch. 2 “The Tyranny of Controls”, pp. 40-41
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