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Milton Friedman on Free markets and the price system

The threat to public schools arises from their defects, not their accomplishments. In small, closely knit communities where public schools, particularly elementary schools, are now reasonably satisfactory, not even the most comprehensive voucher plan would have much effect. The public schools would remain dominant, perhaps somewhat improved by the threat of potential competition. But elsewhere, and particularly in the urban slums where the public schools are doing such a poor job, most parents would undoubtedly try to send their children to nonpublic schools.
Free to Choose
Book, 1980, Ch. 6 “What’s Wrong with Our Schools”, p. 170
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  1. Re vouchers—and I’m now speaking of schooling vouchers—schooling is, next only to national defense, the largest socialist enterprise in the United States. And it is clearly as much of a failure as the socialist enterprises in Poland or Hungary or Czechoslovakia or East Germany.
    Say 'No' to Intolerance
    Speech, 1991, Liberty, vol. 4, no. 6 (July 1991), p. 20
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  2. In one sense, it is poetic justice that my colleagues and I at colleges and universities should now be suffering under the bureaucratic lash. For we have done more than any other group to produce a climate of opinion favorable to big government. So long as affirmative-action programs were directed at greedy businesses and grasping trade unions, academia for the most part cheered. And even now that its own ox is being gored, the typical reaction is that the academic world is “different.”
    Bureaucracy Scorned
    Column, 1975, Newsweek (December 29, 1975); reprinted in full in the Congressional Record, Senate, August 26, 1976, p. 28015, under the heading “[From Newsweek, Dec. 29, 1975]”, introduced by Senator Mark Hatfield. Later collected in Bright Promises, Dismal Performance: An Economist’s Protest (1983)., Congressional Record, August 26, 1976, p. 28015
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  3. 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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