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

More - Milton Friedman Quotes

Inflation is taxation without legislation - Milton Friedman Quotes

Inflation is taxation without legislation

Milton Friedman

 Inflation
There's no such thing as a free lunch. - Milton Friedman Quotes

There's no such thing as a free lunch.

Milton Friedman

 American Economist
The greatest advances of civilization, whether in architecture or painting, in science and literature, in industry or agriculture, have never come from centralized government - Milton Friedman Quotes

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

Milton Friedman

 
We have a system that increasingly taxes work and subsidizes nonwork. - Milton Friedman Quotes

We have a system that increasingly taxes work and subsidizes nonwork.

Milton Friedman

 American Economist
Universities exist to transmit knowledge and understanding of ideas and values to students ... not to provide entertainment for spectators or employment for athletes. - Milton Friedman Quotes

Universities exist to transmit knowledge and understanding of ideas and values to students ... not to provide entertainment for spectators or employment for athletes.

Milton Friedman

 Entertainment
Have all these countries found a genius like Greenspan? ... What the foreign experience suggests is, you don't need a genius. You just need someone willing to make fighting inflation his top priority. - Milton Friedman Quotes

Have all these countries found a genius like Greenspan? ... What the foreign experience suggests is, you don't need a genius. You just need someone willing to make fighting inflation his top priority.

Milton Friedman

 Experience
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 Quotes

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

 American Economist Depression
The government solution to a problem is usually as bad as the problem. - Milton Friedman Quotes

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

Milton Friedman

 American Economist
The most important single central fact about a free market is that no exchange takes place unless both parties benefit. - Milton Friedman Quotes

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

Milton Friedman

 American Economist Benefit
Most of the energy of political work is devoted to correcting the effects of mismanagement of government - Milton Friedman Quotes

Most of the energy of political work is devoted to correcting the effects of mismanagement of government

Milton Friedman

 Energy
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