Top 12 Quotes & Sayings by Herbert Stein

Explore popular quotes and sayings by an American professor Herbert Stein.
Last updated on September 18, 2024.
Herbert Stein

Herbert Stein was an American economist, a senior fellow at the American Enterprise Institute, and a member of the board of contributors of The Wall Street Journal. He was the chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford. From 1974 to 1984, he was the A. Willis Robertson Professor of Economics at the University of Virginia.

If you asked a sample of Americans "What is the temperature of Mars?" about 8% would say they don't know.
If a thing can't go on forever, it will eventually stop.
[The Democrats] will say that the Reagan administrtion has given benefits to the rich at the expense of the poor - a term that they define broadly to include middle-income people, women, minorities, the aged, the young, farmers, steelworkers, and others.
Things that can't go on forever... don't. — © Herbert Stein
Things that can't go on forever... don't.
Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.
For almost 50 years polls have shown that a large majority of the public believe that the budget should be balanced, and for all that time they have elected office seekers who would not balance it. The public cares about deficits, but doesn't care much.
Consumer: A person who is capable of choosing a president but incapable of choosing a bicycle without help from a government agency.
If something cannot go on for ever, it will stop
Whatever may be the distribution of uncertainty among economists, the public only gets to hear from those who have certain opinions.
If something is inevitable, it will happen
Psychiatrist to patient: Maybe you don't have a complex. Maybe you are inferior.
Trends that can't continue, won't.
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