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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

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless. – Milton Friedman

Category:
good
Author
Milton Friedman
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Universities exist to transmit knowledge and understanding of ideas and values to students not to provide entertainment for spectators or employment for athletes. – Milton Friedman

Category:
Knowledge
Author
Milton Friedman
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The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government. – Milton Friedman

Category:
architecture
Author
Milton Friedman
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Other Quotes from
Experience
category

There are three methods to gaining wisdom. The first is reflection, which is the highest. The second is limitation, which is the easiest. The third is experience, which is the bitterest. – Confucius

Category:
Experience

The only real security that a man can have in this world is a reserve of knowledge, experience and ability. – Henry Ford

Category:
Experience

My worst hair experience was when I was trying to relax my hair and my grandmother did it. It went all straight and I looked like a black Bee Gee. – Jamie Foxx

Category:
Experience

Not the fruit of experience, but experience itself, is the end. – Walter Pater

Category:
Experience

Random Quotes

Security is the priceless product of freedom. Only the strong can be secure, and only in freedom can men produce those material resources which can secure them from want at home and against aggression from abroad. – B. E. Hutchinson

Category:
Security

I work more now because at this time of my life I am not disturbed from my aim by outside pressures such as family, passionate relationships, dealing with who am I? – those complications when one is searching for ones self. – Jeanne Moreau

Category:
Family

Miserable creatures, thrown for a moment on the surface of this little pile of mud, is it decreed that one half of the flock should be the persecutor of the other? Is it for you, mankind, to pronounce on what is good and what is evil? – Marquis De Sade

Category:
Prejudice

It is literally true that you can succeed best and quickest by helping others to succeed. – Napoleon Hill

Category:
best