Monday, August 26, 2013

Climateer Line of the Day: Gary Shilling Channels Dead CEA Head Edition

From the Bloomberg opinion piece "Rapid U.S. Growth Is Missing, Not Gone Forever":
...any phenomenon that lasts long enough generates theories that it will last forever.
Of course Richard Nixon's chair of the Council of Economic Advisers, Herbert Stein, famously said the inverse:
 "If something cannot go on forever, it will stop"