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  • “His greatest hope, Mr. Galbraith said, was Stein’s law, named for Herbert Stein, chairman of the Council of Economic Advisers under Presidents Richard M. Nixon and Gerald R. Ford.

    Stein’s law has been recited in many different versions. But all have a common theme: If a trend cannot continue, it will stop.”

    The New York Times, Huge Deficits May Alter U.S. Politics and Global Power, by David E. Sanger, February 1, 2010

    February 2, 2010