Stuff My Sisters Will Like

To Jenny, Katie and Laura, From Their Brother, Victor

Fact Checking Milton Friedman August 26, 2013

Filed under: Economics,Funny,Neat,Politics,Silly Studies,Stuff — Fr. Victor Feltes @ 8:00 am

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


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