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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

A womans life can really be a succession of lives, each revolving around some emotionally compelling situation or challenge, and each marked off by some intense experience. – Wallis Simpson

Category:
Experience

Ends and purposes, whether they exist as conscious or subconscious tendencies, form the wrap and woof of our conscious experience. – Muhammad Iqbal

Category:
Experience

From this experience we have learned that in a big party it is important to have the necessary and often controversial discussions on policy issues such as the health system while in opposition. – Angela Merkel

Category:
Experience

If were picking people to draw out of their own conscience and experience a new Constitution, we should not look principally for good lawyers. We should look to people who agree with us. When we are in that mode, you realize we have rendered the Constitution useless. – Antonin Scalia

Category:
Experience

Random Quotes

Whenever there is a conflict between human rights and property rights, human rights must prevail. – Abraham Lincoln

Category:
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The one thing we can do is invest in the quality of education, especially higher education. – Ron Kind

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I spend my happiest hours in reading Vedantic books. They are to me like the light of the morning, like the pure air of the mountains – so simple, so true, if once understood. – Max Muller

Category:
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It seems to me I spent my life in car pools, but you know, thats how I kept track of what was going on. – Barbara Bush

Category:
car