Quote of the day
It may be that there is nothing more demoralizing than a small but adequate income.
Herbert Stein

Born: August 27, 1916
Died: September 8, 1999 (aged 83)
Bio: Herbert Stein was a senior fellow at the American Enterprise Institute and was on the board of contributors of The Wall Street Journal. He was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford.
Known for:
- The fiscal revolution in America (1969)
- Presidential economics (1984)