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Milton Friedman Quotes: The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
         

The only relevant test of the validity of a hypothesis is comparison of prediction with experience.


Milton Friedman
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The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
         



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"Milton Friedman Quotes." Quoteslyfe.com, 2024. Fri. 29 Mar. 2024. <https://www.quoteslyfe.com/quote/The-only-relevant-test-of-the-validity-307456>.





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Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.



The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.

The great advances of civilization, whether in architecture or painting, in science or literature, in industry or agriculture, have never come from centralized government.



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



The government solution to a problem is usually as bad as the problem.

The government solution to a problem is usually as bad as the problem.





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You can start anew at any given moment. Life is just the passage of time and it’s up to you to pass it as you please.

You can start anew at any given moment. Life is just the passage of time and it’s up to you to pass it as you please.



I learned in therapy the word "No" is a complete sentence.

I learned in therapy the word "No" is a complete sentence.



I knew I would lose my job when I accidentally set fire to my best friend’s house.

I knew I would lose my job when I accidentally set fire to my best friend’s house.



Faced with crisis, the man of character falls back upon himself.

Faced with crisis, the man of character falls back upon himself.



Just so you know, I'm a really boring interview. I hate doing them.

Just so you know, I'm a really boring interview. I hate doing them.



Ladies and gentlemen, a picture is not worth a thousand words. In fact, we found some pictures that are worth 500 billion words.

Ladies and gentlemen, a picture is not worth a thousand words. In fact, we found some pictures that are worth 500 billion words.



Singing is the lowest form of communication.

Singing is the lowest form of communication.



Sunshine of late afternoon-- On the glass tray a glass pitcher, the tumbler turned down, by which a key is lying--And the immaculate white bed

Sunshine of late afternoon-- On the glass tray a glass pitcher, the tumbler turned down, by which a key is lying--And the immaculate white bed




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This page presents the quote "The only relevant test of the validity of a hypothesis is comparison of prediction with experience.". Author of this quote is Milton Friedman. This quote is about test, comparison, relevant,.