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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

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. – Milton Friedman

Category:
Freedom
Author
Milton Friedman
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History suggests that capitalism is a necessary condition for political freedom. Clearly it is not a sufficient condition. – Milton Friedman

Category:
Freedom
Author
Milton Friedman
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The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government. – Milton Friedman

Category:
architecture
Author
Milton Friedman
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Other Quotes from
Experience
category

I havent been as wild with my money as somebody like me might have been. Ive been very safe, very conservative with investments. I dont blow money. I dont have a ton of houses. I know things can go away. Ive already had that experience. – Jim Carrey

Category:
Experience

But if somebody dies, if something happens to you, there is a normal process of depression, it is part of being human, and some people view it as a learning experience etc. – Bob Geldof

Category:
Experience

It is possible to experience an awakening in this life through realising just how precious each moment, each mental process, and each breath truly is. – Christy Turlington

Category:
Experience

We experience problem-solving sessions as war zones, we view competing ideas as enemies, and we use problems as weapons to blame and defeat opposition forces. No wonder we cant come up with real lasting solutions! – Margaret J. Wheatley

Category:
Experience

Random Quotes

It has taken me all my life to understand it is not necessary to understand everything. – Rene Coty

Category:
Understanding

The earth we abuse and the living things we kill will, in the end, take their revenge; for in exploiting their presence we are diminishing our future. – Marya Mannes, More in Anger, 1958

Category:
Environment

Theres always going to be dreams and goals I have, but I never really tell people what they are. – Tyra Banks

Category:
Dreams

The Internet has changed the way we communicate with each other, the way we learn about the world and the way we conduct business. – Ron Wyden

Category:
Business