Quote #62,915
"The only relevant test of the validity of a hypothesis is comparison of prediction with experience." — Milton Friedman
The only relevant test of the validity of a hypothesis is comparison of prediction with experience.
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View AllConcentrated power is not rendered harmless by the good intentions of those who create it.— Milton Friedman
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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
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I think that the Internet is going to be one of the major forces for reducing the role of government. The one thing that's missing, but that will soon be developed, is a reliable e-cash - a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A.— Milton Friedman
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