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Quote by Milton Friedman
The only relevant test of the validity of a hypothesis is comparis

The only relevant test of the validity of a hypothesis is comparison of prediction with experience. – Milton Friedman

Other quotes by Milton Friedman

Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence. – Milton Friedman

Category:
Freedom
Author
Milton Friedman
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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. – Milton Friedman

Category:
Government
Author
Milton Friedman
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The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people. – Milton Friedman

Category:
Government
Author
Milton Friedman
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Other Quotes from
Experience
category

Women artists need to break barriers in order for womens experience to be valuable. – Liz Phair

Category:
Experience

What each must seek in his life never was on land or sea. It is something out of his own unique potentiality for experience, something that never has been and never could have been experienced by anyone else. – Joseph Campbell

Category:
Experience

Happiness isnt something you experience its something you remember. – Oscar Levant

Category:
Experience

With Good Will Hunting, Miramax made certain the recruited audience wasnt expecting to laugh at Robin Williams like they normally do. From my limited experience, you can really blow test screenings by conducting them in the wrong way. – Gus Van Sant

Category:
Experience

Random Quotes

Even if you fall on your face, youre still moving forward. – Victor Kiam

Category:
motivational

I remember when I was growing up, I always wore glasses and so if I was on-stage or just being able to move around playing sports, I was never really able to because I had glasses holding me back. Wearing contacts has just been very helpful. – Joe Jonas

Category:
Sports

Prisons dont rehabilitate, they dont punish, they dont protect, so what the hell do they do? – Jerry Brown

Category:
Punishment

I love it, man Im 23 years old and Im lucky enough to write movies as a job! I just feel really blessed and cant believe its happening. – Jonah Hill

Category:
movies