Milton Friedman Quotes
I am convinced that the minimum-wage law is the most anti-Negro law on our statute books—in its effect, not its intent.
There were almost no Blacks who agreed with him on this point. Nor do the vast majority of economists today. But Friedman believed that if there were no minimum wage scale, more lower wage workers would find jobs and learn skills to justify a higher wage later in their careers. To some extent, this used to be so for those occupations which require experience and/or apprenticeship. However, by the 21st century, people in minimum wage jobs can, from their jobs, rarely learn enough to economically justify a higher wage position. A minimum wage job became a dead end job for all but students and people in between other endeavors. Therefore the advocates of minimum wage argue that there should be a living wage so that as President Obama said, “No one should work full time, and not make enough to emerge from poverty.”
Milton Friedman, 1912-2006, Nobel Laureate in Economics, An Economist's Protest: Columns in Political Economy, 1966
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After emancipation of the slaves legislation and the enforcement thereof were needed to produce freedom. Congress passed much legislation but the Southern anti-Negro forces made enforcement difficult and finally impossible. It would be 100 years before civil rights became a reality in the South and many other parts of the nation.
In the 1940’s equality and Civil Rights was a good wedge issue for Republicans because the most racist members of Congress were Democrats even though there were many Democrats who advocated strong civil rights. In 1964, there was a party realignment after the Congress passed the Civil Rights Act. After that the most racist members of Congress and the political established switched to the Republican Party and this caused the Republicans to publicly soft pedal civil rights issues. It now became a wedge issue for the democrats, and very few national Republican figures would make such a statement as it would be misinterpreted by the racial right wing of the party.
Johnson was the first Black man who won the heavyweight championship at a time when racism in America was rampant. Many whites referred to Jeffries as “The Great White Hope” who would take the champion back for the whites. He didn’t and was beaten badly.
Booth was the younger son of a very prominent Northern family of actors. His older brother was considered the greatest American actor, and the rest of the family were abolitionists and vehement Union supporters. They found young John’s views reprehensible.
At the time none of the comic book superhero plots, like most popular entertainment and culture, ignored the existence of African Americans.
This statement was made when he was a general of a segregated army fighting for a segregated nation that had not yet passed the Civil Rights Act or the Voting Rights Act. Even he misjudged the capability of the armed forces to desegregate.
The minister was the leader of a sect that had emigrated from Germany to the new colony of George where slavery had been banned but wealthy planters were pointing to South Carolina north of them where slavery was producing riches for the slave owners and asking the Trustees back in England to allow slavery as they were at a competitive disadvantage. Oglethorpe, the leader of the community argued against slavery and was joined by other community leaders including Reverend Boltzius, The argued that slavery would curtail the opportunity for common white men. In this quote Boltzius pointed to Charlestown South Carolina to show the effect that slavery produced there. The wages for slaves, were wages paid to the slave’s owner. While plantation slavery was the most common form of slavery, but many slave owners without large plantations simply rented out his slaves. In some cases, the slaves were taught trades like carpentry so the owner could receive ore for his work. But the system allowed the slave owner to undercut the market, and all a white worker could make was the wage that slave owners were demanding for slave labor.
Jackson was a civil rights worker who was murdered by white racists trying to intimidate Blacks from their desegregation efforts. King broadened the moral responsibility to those who did not oppose the segregationist system prevalent in the South.
Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.
