“Now, when anybody starts talking about this [an all-volunteer force] he immediately shifts language. My army is 'volunteer,' your army is 'professional,' and the enemy's army is 'mercenary.' All these three words mean exactly the same thing. I am a volunteer professor, I am a mercenary professor, and I am a professional professor. And all you people around here are mercenary professional people. And I trust you realize that. It's always a puzzle to me why people should think that the term 'mercenary' somehow has a negative connotation.”

And this is much more broadly based. In fact, I think mercenary motives are among the least unattractive that we have.
The Draft: A Handbook of Facts and Alternatives, Sol Tax, edit., chapter: “Why Not a Voluntary Army?” University of Chicago Press (1967) p. 366, based on the Conference Held at the University of Chicago, December 4-7, 1966

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Milton Friedman 158
American economist, statistician, and writer 1912–2006

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“Now, when anybody starts talking about this [an all-volunteer force] he immediately shifts language. My army is 'volunteer,' your army is 'professional,' and the enemy's army is 'mercenary.' All these three words mean exactly the same thing. I am a volunteer professor, I am a mercenary professor, and I am a professional professor. And all you people around here are mercenary professional people. And I trust you realize that. It's always a puzzle to me why people should think that the term 'mercenary' somehow has a negative connotation. I remind you of that wonderful quotation of Adam Smith when he said, 'You do not owe your daily bread to the benevolence of the baker, but to his proper regard for his own interest.'”

Milton Friedman (1912–2006) American economist, statistician, and writer

And this is much more broadly based. In fact, I think mercenary motives are among the least unattractive that we have.
Source: The Draft: A Handbook of Facts and Alternatives, Sol Tax, edit., chapter: “Recruitment of Military Manpower Solely by Voluntary Means,” chairman: Aristide Zolberg, University of Chicago Press (1967) p. 366, based on the Conference Held at the University of Chicago, December 4-7, 1966, also in Two Lucky People, Milton and Rose Friedman, Chicago: University of Chicago Press, 1998, p. 380.

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“In my view, if there's going to be an army, I think it ought to be a citizens' army. Now, here I do agree with some people, the top brass, they don't want a citizens' army. They want a mercenary army, what we call a volunteer army. A mercenary army of the disadvantaged. And in fact, in the Vietnam War, the U. S. military realized, they had made a very bad mistake. I mean, for the first time I think ever in the history of European imperialism, including us, they had used a citizens' army to fight a vicious, brutal, colonial war, and civilians just cannot do that kind of a thing. For that, you need the French Foreign Legion, the Gurkhas or something like that. Every predecessor has used mercenaries, often drawn from the country that they're attacking, like England ran India with Indian mercenaries. You take them from one place and send them to kill people in the other place. That's the standard way to run imperial wars. They're just too brutal and violent and murderous. Civilians are not going to be able to do it for very long. What happened was, the army started falling apart. One of the reasons that the army was withdrawn was because the top military wanted it out of there. They were afraid they were not going to have an army anymore. Soldiers were fragging officers. The whole thing was falling apart. They were on drugs. And that's why I think that they're not going to have a draft. That's why I'm in favor of it. If there's going to be an army that will fight brutal, colonial wars… it ought to be a citizens' army so that the attitudes of the society are reflected in the military.”

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“I made it very plain: We will not have an all-volunteer army. [Crowd boos] Let me restate that. We will not have a draft.”

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“I'm sorry, but I stand by my decision. I am now a member of the elite club of people that have fought a professional team mascot. You sir, are not in that club.”

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