WIST

Capitalism survived its crisis and went on to great successes. But the capitalism that survived and succeeded was not the capitalism of 1929.

Herb Stein (1916-1999) American economist
The Triumph of the Adaptive Society (1989)

If something cannot go on forever, it will stop.

Herb Stein (1916-1999) American economist
Stein’s Law (c. 1980)

This was a frequent statement by Stein. He explained it: "This proposition, arising first in a discussion of the balance-of-payments deficit, is a response to those who think that if something cannot go on forever, steps must be taken to stop it -- even to stop it at once."

Alt.:
- "If something can’t go on forever, it won’t."
- "Anything that can’t go on, won’t."