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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

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself. – Milton Friedman

Category:
Freedom
Author
Milton Friedman
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Other Quotes from
Experience
category

I decided blacks should not have to experience the difficulties I had faced, so I decided to open a flying school and teach other black women to fly. – Bessie Coleman

Category:
Experience

We receive three educations, one from our parents, one from our schoolmasters, and one from the world. The third contradicts all that the first two teach us. – Charles Louis de Secondat, Baron de Montesquieu

Category:
Experience

Emigration, forced or chosen, across national frontiers or from village to metropolis, is the quintessential experience of our time. – John Berger

Category:
Experience

Yet higher religion, which is only a search for a larger life, is essentially experience and recognized the necessity of experience as its foundation long before science learnt to do so. – Muhammad Iqbal

Category:
Experience

Random Quotes

I wasnt born a fool. It took work to get this way. – Danny Kaye

Category:
work

Womens natural role is to be a pillar of the family. – Grace Kelly

Category:
Family

In true love the smallest distance is too great, and the greatest distance can be bridged. – Hans Nouwens

Category:
Deploy & Home

Among famous traitors of history one might mention the weather. – Ilka Chase

Category:
famous