Herbert Stein was an American economist, a senior fellow at the American Enterprise Institute and was on the board of contributors of The Wall Street Journal. He was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford. From 1974 until 1984, he was the A. Willis Robertson Professor of Economics at the University of Virginia.
|Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.||Economics, The Economy & Fiscal Affairs|
|If something can’t go on forever, it will stop.||Economics, The Economy & Fiscal Affairs|
|If something is unsustainable and “cannot go on forever”, it tends to stop.||Policy & Policy Making|
|Let’s make this the year where we are either going to get rid of the deficit or get rid of the idea that we are going to get rid of the deficit..||Budgets & Budgeting|