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

The power to do good is also the power to do harm.

Power

Milton Friedman

I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

Finance

Milton Friedman

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

Architecture

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