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

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
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The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes. – Milton Friedman

Category:
Government
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Well first of all, tell me, is there some society you know of that doesnt run on greed? You think Russia doesnt run on greed? You think China doesnt run on greed? What is greed? – Milton Friedman

Category:
Society
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Other Quotes from
Experience
category

When I was young, I was just about hard work. But as I got older, I did experience anxiety, doubt, judgment, and its so easy to lose yourself for a second. – Jennifer Lopez

Category:
Experience

Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so. – Douglas Adams, Last Chance to See

Category:
Experience

An enormous part of our mature experience cannot not be expressed in words. – Alfred North Whitehead

Category:
Experience

If you search and search and stop searching, then ultimately youll find what you need. It is the experience of living. – Marion Cotillard

Category:
Experience

Random Quotes

In their poverty, the mentally handicapped reveal God to us and hold us close to the gospel. – Henri Nouwen

Category:
God

If we became students of Malcolm X, we would not have young black men out there killing each other like theyre killing each other now. Young black men would not be impregnating young black women at the rate going on now. Wed not have the drugs we have now, or the alcoholism. – Spike Lee

Category:
Men

I guess the real reason that my wife and I had children is the same reason that Napoleon had for invading Russia: it seemed like a good idea at the time. – Bill Cosby

Category:
good

Martyrdom has always been a proof of the intensity, never the correctness, of a belief. – Arthur Schweitzer, Out of My Life and Thought, 1932

Category:
Belief