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

So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system. – Milton Friedman

Category:
Government
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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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If you put the federal government in charge of the Sahara Desert, in 5 years thered be a shortage of sand. – Milton Friedman

Category:
Government
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Other Quotes from
Experience
category

I think were the only jokeless show on television. I mean really, we have no setups and no punch lines. Its not a joke show. There are funny lines and funny moments but again the comedy is born of the human experience and awkward pauses are a great part of what it is to be human. – Rainn Wilson

Category:
Experience

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

Category:
Experience

You can live your whole life in your brain and not experience whats around you. You go crazy that way. – Fiona Apple

Category:
Experience

When you make a commitment to a relationship, you invest your attention and energy in it more profoundly because you now experience ownership of that relationship. – Barbara de Angelis

Category:
Experience

Random Quotes

I would stay on, but General Hospital honestly doesnt seem to want that relationship with this character at the moment. They want little short doses during sweeps periods. – Genie Francis

Category:
relationship

We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon. – Franklin D. Roosevelt

Category:
Hope

Life is the art of drawing sufficient conclusions from insufficient premises. – Samuel Butler

Category:
Art

Barbarism is needed every four or five hundred years to bring the world back to life. Otherwise it would die of civilization. – Edmond and Jules de Goncourt, Journal, 3 September 1855

Category:
Civilization