Herb Stein's Unfamiliar Quotations
Herb Stein's Unfamiliar Quotations
May 16 1997 3:30 AM

Herb Stein's Unfamiliar Quotations

On money, madness, and making mistakes.

(Continued from Page 3)

Three percent exceeds 2 percent by 50 percent, not by 1 percent.


--Edward Denison, in conversation, about 1960


An obvious point, but one that is important--and commonly overlooked--in discussions of economic growth.


Observe how he has made a breast of his back.

In life he wished to see too far before him,

And now he must crab backwards round this track.

--Dante Alighieri, TheInferno (Canto XX, Circle Eight--The Fortune Tellers and Diviners), early 14th century

This is Dante's vision of the fate of economic and political forecasters.


Where is the wisdom we have lost in knowledge?

Where is the knowledge we have lost in information?

--T.S. Eliot, The Rock, 1934