Logo
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

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
Author
Milton Friedman
Read Quote
Other Quotes from
Experience
category

Theres full consensus in the military that women shouldnt be in person-to-person combat. I dont know if we have enough experience to know whether this is the right approach. But women can be elsewhere. We have mandatory military service in Chile. I pushed for women in all areas. – Michelle Bachelet

Category:
Experience

I loved making Pure Country. It was a great learning experience for me, seeing another part of the entertainment industry. – George Strait

Category:
Experience

You cant dodge them all. I got hammered plenty of times through the years. But you just get up and keep playing. I can tell you from experience, though. Sometimes it hurts like hell. – Terry Bradshaw

Category:
Experience

Everybodys got one killer story. It doesnt take talent to tell that story, it just takes experience. – Kevin Smith

Category:
Experience

Random Quotes

Are we really sure the purring is coming from the kitty and not from our very own hearts? – Terri Guillemets

Category:
Cats

I fear God never showed mercy to one so vile as I. – David Brainerd

Category:
Fear

So I won an Oscar. Its amazing. Ive got that for the rest of my life for a performance I am proud of. It nearly killed me. I am really proud of the film. Thats it, moving on. – Kate Winslet

Category:
amazing

But what is happiness except the simple harmony between a man and the life he leads? – Albert Camus

Category:
Happiness