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

Most of the energy of political work is devoted to correcting the effects of mismanagement of government. – 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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What kind of society isnt structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system. – Milton Friedman

Category:
Capitalism
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Other Quotes from
Experience
category

Beliefs have the power to create and the power to destroy. Human beings have the awesome ability to take any experience of their lives and create a meaning that disempowers them or one that can literally save their lives. – Tony Robbins

Category:
Experience

It was the experience of mystery – even if mixed with fear – that engendered religion. – Albert Einstein

Category:
Experience

I like directors who have worked as actors. They know the experience. – Gabrielle Union

Category:
Experience

Experience has taught me, when I am shaving of a morning, to keep watch over my thoughts, because, if a line of poetry strays into my memory, my skin bristles so that the razor ceases to act. – A. E. Housman

Category:
Experience

Random Quotes

Liberalism is Rationalism in politics. – Francis Parker Yockey

Category:
Politics

If youre going to succeed at online business, you need to keep it virtually real. – Torley

Category:
Internet

I remember saying goodbye to my father the night he left to join the Navy. He didnt have to. He was older than other servicemen and had a family to support but he wanted to be a part of the fight against fascism, not just make movies about it. I admired this about him. – Jane Fonda

Category:
Family

I think love can happen at any age… it has no age. – Shahrukh Khan

Category:
Age