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"The only relevant test of the validity of a hypothesis is comparison of prediction with experience."
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Exlpore more Experience quotes
"A misadventure is an act that has a safer, less self-detrimental, less interesting alternative. But you choose that act because you want to do something memorable and worthy of discussion."
"Life is a book. Read it. But do not forget to write yours."
"At least I can say I once worked a day on a tea plantation in Far North Queensland."
"Beyond these moments, she could hardly count the fumbling ministrations of boys in high school who, even to her senior prom, never went beyond sticky pleasantries. With one exception, it was just a sort of half-clothed handshake for bragging rights, none hers."
"To use the same words is not a sufficient guarantee of understanding; one must use the same words for the same genus of inward experience; ultimately one must have one's experiences in common."
"We live that we might have experience; that through it we might gain wisdom, compassion, faith, and inner strength."
"Failure is only an experience. Experience is the foundation of any success."
"Today's experience is necessary to equip you fully for the future."
"Experience comes from failure and success comes from experience. Today's pain will bring tomorrow's gain."
"But human experience is usually paradoxical, that means incongruous with the phrases of current talk or even current philosophy."
Explore more quotes by Milton Friedman
"The most important single central fact about a free market is that no exchange takes place unless both parties benefit."
"Many people want the government to protect the consumer. A much more urgent problem is to protect the consumer from the government."
"So that the record of history is absolutely crystal clear. That there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by a free enterprise system."
"The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom."
"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."
"The most important ways in which I think the Internet will affect the big issue is that it will make it more difficult for government to collect taxes."
"Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless."
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