MBitcoiner on Nostr: "To make sense of the data an economist must have a theory which stands on its own ...

"To make sense of the data an economist must have a theory which stands on its own feet and does not originate from the data itself. The key point is that it must originate from something real that cannot be refuted."

https://mises.org/mises-wire/facts-and-data-have-no-meaning-without-theory-explain-them