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 world runs on individuals pursuing their self interests. The great achievements of civilization have not come from government bureaus. Einstein didnt construct his theory under order from a, from a bureaucrat. Henry Ford didnt revolutionize the automobile industry that way. – Milton Friedman

Category:
Government
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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. – Milton Friedman

Category:
Government
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Other Quotes from
Experience
category

We choose our joys and sorrows long before we experience them. – Khalil Gibran

Category:
Experience

When you make a commitment to a relationship, you invest your attention and energy in it more profoundly because you now experience ownership of that relationship. – Barbara de Angelis

Category:
Experience

It was a very profound experience, getting in touch with that part of us, in all of us human beings, that is committed beyond yourself to the point of giving everything you have, including your life, for other people, for your fellow man. – Raul Julia

Category:
Experience

Security is mostly a superstition. It does not exist in nature, nor do the children of men as a whole experience it. Avoiding danger is no safer in the long run than outright exposure. Life is either a daring adventure, or nothing. – Helen Keller

Category:
Experience

Random Quotes

Film is such a bizarre vehicle for acting. Its such a bizarre experience. I dont think you ever really get familiar with it. If you do get familiar with it, youre probably not that good anymore. – Liev Schreiber

Category:
Experience

Ive been advised not to have any more children for medical reasons, so thats it – the shop has closed, even though I would have loved a daughter. – Toni Braxton

Category:
Medical

I think that America will not trust a party to defend America that isnt willing to defend itself. – James Carville

Category:
Trust

Turnaround or growth, its getting your people focused on the goal that is still the job of leadership. – Anne M. Mulcahy

Category:
Leadership