The only relevant test of the validity of a hypothesis is comparison o… — Quoted

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

Milton Friedman · Experience

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Milton Friedman

Well first of all, tell me, is there some society you know of that doesn't run on greed? You think Russia doesn't run on greed? You think China doesn't run on greed? What is greed?

Society

Milton Friedman

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

Knowledge

Milton Friedman

Hell hath no fury like a bureaucrat scorned.

Politics

Milton Friedman

A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.

Freedom