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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.

Herb Stein (1916-1999) American economist
(Attributed)
 
Added on 27-Mar-15 | Last updated 27-Mar-15
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But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.

John Maynard Keynes (1883-1946) English economist
A Tract on Monetary Reform, ch. 3 (1923)
    (Source)
 
Added on 1-Oct-07 | Last updated 4-Jun-20
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