Herbert Stein

Herbert Stein was a prominent American economist known for his work in macroeconomic policy and his role as the chairman of the Council of Economic Advisors under President Richard Nixon. Born in 1916, Stein contributed significantly to economic thought, particularly in the areas of fiscal policy and government spending. He is perhaps best known for his adage, 'If something cannot go on forever, it will stop,' which reflects his pragmatic approach to economic trends and cycles. Stein's insights remain relevant in discussions about economic stability and the implications of fiscal policies.