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Milton Friedman on Schools and vouchers

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.
Capitalism and Freedom
Book, 1962, Ch. 6 The Role of Government in Education, p. 95
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  1. It's very much easier to introduce restrictions and restraints than it is to remove them. It's easier to pass a law than it is to repeal a law and so over the course of time you tend to impose these chains and restraints on yourselves mostly for good reasons. The initial objectives are always good that doesn't mean the outcome is.
    The Open Mind
    Interview, 1977, The Open Mind, hosted by Richard Heffner, Episode “A Nobel Laureate on the American Economy” (May 3, 1977)
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  2. On interest rates, the desirable policy is to permit interest rates to be determined completely by free markets. ( … ) A free competitive market in loanable funds is no less desirable than a free and competitive market in other goods and services.
    Statement to the House Subcommittee on Domestic Finance
    Testimony, 1968, Compendium on Monetary Policy Guidelines and Federal Reserve Structure, Subcommittee on Domestic Finance, House Committee on Banking and Currency, 90th Congress, 2nd Session (December 1968), p. 204
    Checked against the sourceRead the original
  3. The issues that will arise will be a continuation of those that have bothered us these past decades. The main ones seem to me to be as follows: 1. The appropriate relation between the level of taxes and the level of expenditures on the average of good and bad years. 2. Criteria for determining the fraction of national income that is appropriately spent through the Federal Government.
    Statement to the Subcommittee on Fiscal Policy
    Testimony, 1965, Fiscal Policy Issues of the Coming Decade: Statements by Individual Economists and Representatives of Interested Organizations, Subcommittee on Fiscal Policy, Joint Economic Committee, 89th Congress, 1st Session (1965), p. 55
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