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If something cannot go on for ever, it will stop
Herbert Stein
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Herbert Stein
Age: 83 †
Born: 1916
Born: August 8
Died: 1999
Died: September 9
Author
Economist
Professor
University Teacher
Writer
Detroit
Michigan
Investing
Economics
Stop
Cannot
Ever
Something
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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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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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If a thing can't go on forever, it will eventually stop.
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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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Trends that can't continue, won't.
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If something is inevitable, it will happen
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