“Stein’s law” If something cannot go on forever, it will stop.” China, Wolf

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