If something cannot go on forever, it will stop.”
This is “Stein’s law”, after its inventor Herbert Stein, chairman of the Council of Economic Advisers under Richard Nixon.
Rüdiger Dornbusch, a US-based German economist, added:
“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”
Martin Wolf, FT 11 april 2017
Stein's Law: If something cannot go on for ever it will stop.
Herbert Stein The Public Interest nr 97 Fall 1989