Golden Days

Nov. 28 1997 3:30 AM

Golden Days

What produces them for most people has very little to do with politicians.

(Continued from Page 1)

In my own case, I think that three years ago I would not have experienced the golden days I have described here. I would have been too shy, or "buttoned down," to take that young girl's hand, and I would have been too absorbed with trivia to appreciate the things that made me so happy a few weeks ago. I suppose it is aging that has changed my attitude. To resume my economist's hat, scarcity confers value, and the realization that one's days are few increases one's appreciation of their value. But one doesn't have to be old to appreciate that. Even for the young the remaining days are few.

Herbert Stein, a senior fellow at the American Enterprise Institute, was chairman of the Council of Economic Advisers under Presidents Nixon and Ford. He is a member of the board of contributors at the Wall Street Journal.

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