Milton Friedman (1912-2006), the Nobel prize-winning American economist, said:
“Given our monstrous, overgrown government structure, any three letters chosen at random would probably designate an agency or part of a department that could be profitably abolished.”
By our count, there are 955 unique three-letter acronyms denoting agencies, departments, or programs in the U.S. federal government. The 26 letters of our English alphabet can combine into 17,576 unique three-letter combinations. Therefore, the probability of randomly choosing three letters and matching an existing federal agency, department, or program is around 5.4%, or about 1 in 18.
We rate Dr. Friedman’s claim as: Mostly True