libertypicks on Nostr: mises.org: Data Cannot Explain by Itself Without a Theory -- ...

mises.org: Data Cannot Explain by Itself Without a Theory -- https://tinyurl.com/2c7pgexz -- Mainstream economists claim that in order to “do economics,” they must collect data and then see where it leads them. However, data by itself is economically useless without a guiding theory to explain what is happening. #liberty #news