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

The world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didnt construct his theory under order from a, from a bureaucrat. Henry Ford didnt revolutionize the automobile industry that way. – Milton Friedman

Category:
Government
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The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And thats why its so essential to preserving individual freedom. – Milton Friedman

Category:
Freedom
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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
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Other Quotes from
Experience
category

Genius is the ability to renew ones emotions in daily experience. – Paul Cezanne

Category:
Experience

At times I experience hardship in trying to find the proper point of balance between traditional things and my own personality. – Princess Masako

Category:
Experience

When you grow up in a family of languages, you develop a kind of casual fluency, so that languages, though differently colored, all seem transparent to experience. – David Antin

Category:
Experience

The questions which one asks oneself begin, at least, to illuminate the world, and become ones key to the experience of others. – James A. Baldwin

Category:
Experience

Random Quotes

To get away from poverty, you need several things at the same time: school, health, and infrastructure – those are the public investments. And on the other side, you need market opportunities, information, employment, and human rights. – Hans Rosling

Category:
Health

It is hard to convince a high-school student that he will encounter a lot of problems more difficult than those of algebra and geometry. – Edgar W. Howe

Category:
Teenagers

It is not from reason that justice springs, but goodness is born of wisdom. – Maurice Maeterlinck

Category:
Wisdom

Id much rather have sat there and just been a fly on the wall, instead of having to smile at people. Id rather have been a waitress. Just gone round and stared at people. – Jennifer Saunders

Category:
smile