Quote by: Milton Friedman

For example, 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.


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Author Bio


  • NameMilton Friedman
  • DescriptionAmerican economist, statistician, and writer
  • BornJuly 31, 1912
  • DiedNovember 16, 2006
  • CountryUnited States Of America
  • ProfessionEconomist; Writer; Statistician
  • AwardsNobel Memorial Prize In Economic Sciences; National Medal Of Science; Presidential Medal Of Freedom; Adam Smith Award