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

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

Category:
good
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If you put the federal government in charge of the Sahara Desert, in 5 years thered be a shortage of sand. – Milton Friedman

Category:
Government
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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

The word experience is like a shrapnel shell, and bursts into a thousand meanings. – George Santayana

Category:
Experience

I am a woman in process. Im just trying like everybody else. I try to take every conflict, every experience, and learn from it. Life is never dull. – Oprah Winfrey

Category:
Experience

Baseball is a rookie, his experience no bigger than the lump in his throat as he begins fulfillment of his dream. – Ernie Harwell

Category:
Experience

We have that illusion that we are deciding what to make a character do, in order to convey our message or something like that. But, at least in my experience, you are often more like a river-rafting guide whos been paid a bonus to purposely steer your clients into the roughest possible water. – George Saunders

Category:
Experience

Random Quotes

Religion is a fashionable substitute for Belief. – Oscar Wilde, The Picture of Dorian Gray, 1891

Category:
Religion

My mom was a single mom, and she had enough on her plate. I knew when I was doing something I wasnt supposed to, and I tried to keep her from finding out about it. I did a pretty good job of that. – Jason Aldean

Category:
mom

The GAO just released a report that said 22 percent of federal programs fail to meet their objectives. The truth is we dont know how taxpayer money is spent in Washington, D.C., which is why I think we ought to put every agency budget up on the Internet for everyone to see. – Carly Fiorina

Category:
Money

Intuition becomes increasingly valuable in the new information society precisely because there is so much data. – John Naisbitt

Category:
Society