“The only relevant test of the validity of a hypothesis is comparison of prediction with experience.”
Milton Friedman
Tags: Comparison | Experience | Hypothesis | Only | Prediction | Relevant | Test | Validity
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Milton Friedman
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The government solution to a problem is usually as bad as the problem.
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We have a system that increasingly taxes work and subsidizes nonwork.
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The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
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And what does reward virtue? You think the communist commissar rewards virtue? You think a Hitler rewards virtue? You think, excuse me, if you'll pardon me, American presidents reward virtue? Do they choose their appointees on the basis of the virtue of the people appointed or on the basis of their political clout?
Milton Friedman
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