“If something can’t go on forever, it will stop.” --Herbert Stein (economist) Stein’s point in making the above comment was that we don’t need to do anything to ensure that these things that can’t go on forever stop. E.g., the trade deficit can’t grow (relative to GDP) forever; therefore, it will stop, whether we make any effort to stop it or not.
Progress Will Stop
Progress Will Stop
Progress Will Stop
“If something can’t go on forever, it will stop.” --Herbert Stein (economist) Stein’s point in making the above comment was that we don’t need to do anything to ensure that these things that can’t go on forever stop. E.g., the trade deficit can’t grow (relative to GDP) forever; therefore, it will stop, whether we make any effort to stop it or not.