Herbert Stein Quotes
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If something cannot go on for ever, it will stop
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Trends that can't continue, won't.
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[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.
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Psychiatrist to patient: Maybe you don't have a complex. Maybe you are inferior.
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If a thing can't go on forever, it will eventually stop.
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Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.
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Consumer: A person who is capable of choosing a president but incapable of choosing a bicycle without help from a government agency.
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If you asked a sample of Americans "What is the temperature of Mars?" about 8% would say they don't know.
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If something is inevitable, it will happen
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Things that can't go on forever... don't.
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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.
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Whatever may be the distribution of uncertainty among economists, the public only gets to hear from those who have certain opinions.
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