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

Most of the energy of political work is devoted to correcting the effects of mismanagement of government. – Milton Friedman

Category:
Government
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Concentrated power is not rendered harmless by the good intentions of those who create it. – Milton Friedman

Category:
good
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Every friend of freedom must be as revolted as I am by the prospect of turning the United States into an armed camp, by the vision of jails filled with casual drug users and of an army of enforcers empowered to invade the liberty of citizens on slight evidence. – Milton Friedman

Category:
Freedom
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Other Quotes from
Experience
category

If you want plenty of experience in dealing with difficult people, then have kids. – Bo Bennett

Category:
Experience

Experience teaches us to be most on our guard to protect liberty when the governments purposes are beneficent. – Louis D. Brandeis

Category:
Experience

Work is a substitute religious experience for many workaholics. – Mary Daly

Category:
Experience

I got pregnant at 40 by surprise. Its funny, because when we found out we were pregnant, I said, Okay, lets experience that. You just have to just go with it because its rare. – Julianna Margulies

Category:
Experience

Random Quotes

The world has always gone through periods of madness so as to advance a bit on the road to reason. – Hermann Broch

Category:
Madness

Happiness is not something ready made. It comes from your own actions. – Dalai Lama

Category:
Happiness

I can only note that the past is beautiful because one never realises an emotion at the time. It expands later, and thus we dont have complete emotions about the present, only about the past. – Virginia Woolf

Category:
Time

My poverty is not complete: it lacks me. – Antonio Porchia, Voces, 1943, translated from Spanish by W.S. Merwin

Category:
Poverty