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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 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

Imagine a judicial nominee said my experience as a white man makes me better than a Latina woman. Wouldnt they have to withdraw? New racism is no better than old racism. – Newt Gingrich

Category:
Experience

We learn from experience that men never learn anything from experience. – George Bernard Shaw

Category:
Experience

If you do build a great experience, customers tell each other about that. Word of mouth is very powerful. – Jeff Bezos

Category:
Experience

Though Fire and Rain is very personal, for other people it resonates as a sort of commonly held experience… And thats what happens with me. I write things for personal reasons, and then in some cases it… can be a shared experience. – James Taylor

Category:
Experience

Random Quotes

The big difference between sex for money and sex for free is that sex for money usually costs a lot less. – Brendan Behan

Category:
Marriage

We seem, as it were, to have conquered and peopled half the world in a fit of absence of mind. – Sir John Robert Seeley

Category:
Empire

Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other. – Ronald Reagan

Category:
Government

The imagination equips us to perceive reality when it is not fully materialized. – Mary Richards

Category:
Imagination