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Milton Friedman Quotes: ...theories should be judged by their ability to predict events rather than by the realism of their assumptions.
         

...theories should be judged by their ability to predict events rather than by the realism of their assumptions.


Milton Friedman
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"Milton Friedman Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/theories-should-be-judged-by-their-ability-899775>.





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Other quotes of Milton Friedman


A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.

A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.



If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.

If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.



Underlying most arguments against the free market is a lack of belief in freedom itself.

Underlying most arguments against the free market is a lack of belief in freedom itself.



You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.

You cannot be sure that you are right unless you understand the arguments against your views better than your opponents do.



The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.

The essential notion of a capitalist society ... is voluntary cooperation, voluntary exchange. The essential notion of a socialist society is force.



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

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



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

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



Nothing is so permanent as a temporary government program.

Nothing is so permanent as a temporary government program.



You cannot simultaneously have free immigration and a welfare state.

You cannot simultaneously have free immigration and a welfare state.



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

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





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Racism, Dr. Sam. I worry for my kids about racism. Racism doesn't appear to take holidays or time off. What can I do about this stuff?

Racism, Dr. Sam. I worry for my kids about racism. Racism doesn't appear to take holidays or time off. What can I do about this stuff?



A shaft of sunlight pierced the dark cluds and she looked up to see a silver lining. It was a sign, she thought.

A shaft of sunlight pierced the dark cluds and she looked up to see a silver lining. It was a sign, she thought.



A car is thirty thousand parts you're putting together.

A car is thirty thousand parts you're putting together.



You're trying to fight gravity on a planet that insists that love is like falling, and falling is like this.

You're trying to fight gravity on a planet that insists that love is like falling, and falling is like this.



Laughter gives us distance. It allows us to step back from an event, deal with it and then move on.

Laughter gives us distance. It allows us to step back from an event, deal with it and then move on.



All I ever wanted was a world without maps.

All I ever wanted was a world without maps.



Chances are the movements of the euro as against the dollar will be relatively moderate.

Chances are the movements of the euro as against the dollar will be relatively moderate.



No-one will ever sound as good as Judy Garland as far as I am concerned.

No-one will ever sound as good as Judy Garland as far as I am concerned.



For God's sake, keep your eyes open. Notice what's going on around you.

For God's sake, keep your eyes open. Notice what's going on around you.




Quote Description


This page presents the quote "...theories should be judged by their ability to predict events rather than by the realism of their assumptions.". Author of this quote is Milton Friedman. This quote is about judged, assumption, realism, investing, ability, events,.