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Jefferson LECTURE SERIES

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Herbert Stein, Senior Fellow, American Enterprise Institute


About Herbert Stein

Herbert Stein, well-known as a pragmatic conservative, was appointed Chairman of the Council of Economic Advisers under President Nixon and President Ford. He was skeptical of government intervention in the market and regarded his exposition of the virtues of the free market as his main contribution to policy. Stein formed "Herbert Stein's Law," which he expressed as "If something cannot go on forever, it will stop." It is often rephrased as: "Trends that can't continue, won't.”