Milton Friedman Quotes About Poverty

Quotes about: Poverty

• You never can cure poverty. Poverty is in the eye of the beholder.

  Milton Friedman

  Eye, Poverty, Beholder

  Source: www.pbs.org

• My major problem with the world is a problem of scarcity in the midst of plenty ... of people starving while there are unused resources ... people having skills which are not being used.

  Milton Friedman

  Skills, People, Greed

• We measure poverty by what I believe is a very, very crude concept. We actually measure poverty by trying to get some kind of an estimate of the minimum expenditures on food that are required to maintain health, multiplying that number by three, and saying that's the level of poverty. And it's a very crude, inaccurate arrangement.

  Milton Friedman

  Believe, Numbers, Trying

  Source: www.pbs.org

• There is no good way of measuring poverty.

  Milton Friedman

  Way, Poverty, Measuring

  Source: www.pbs.org

• I think in some ways it would make more sense to have as a poverty level a relative concept and say, the level of poverty is that level of income or that level of consumption below which 10 percent of the people now are.

  Milton Friedman

  Thinking, People, Income

  Source: www.pbs.org

• The real tragedy of minimum wage laws is that they are supported by well-meaning groups who want to reduce poverty. But the people who are hurt most by higher minimums are the most poverty stricken.

  Milton Friedman

  Hurt, Real, Law

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