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Stein's most famous contribution to the American [[economic]] system was accomplished in the 1940s, by suggesting the use of the federal budget deficits to regulate the economy.  At the time, the business lobby was very hesitant to accept such government intervention and the Keynesian system as a whole.  He convinced them that there were no ideological reasons not to accept the system as a whole, according to Robert Solow, a Nobel Laureate economist.

Stein's most famous contribution to the American [[economic]] system was accomplished in the 1940s, by suggesting the use of the federal budget deficits to regulate the economy.  At the time, the business lobby was very hesitant to accept such government intervention and the Keynesian system as a whole.  He convinced them that there were no ideological reasons not to accept the system as a whole, according to Robert Solow, a Nobel Laureate economist.

He served on the Council of Economic Advisers from 1969-1974, serving as chairman from 1972 on.  As Chairman, he helped develop the 90-day wage and price freeze of 1971 to combat the economic difficulties the [[United States]] was facing.<ref>[http://www.britannica.com/EBchecked/topic/564956/Herbert-Stein Encyclopedia Britannica]</ref>  He later served as a contributor to the [[Wall Street Journal]] until his death in 1999 from heart failure.

He served on the Council of Economic Advisers from 1969-1974, serving as chairman from 1972 on.  As Chairman, he helped develop the 90-day wage and price freeze of 1971 to combat the economic difficulties the [[United States]] was facing.<ref>[https://www.britannica.com/EBchecked/topic/564956/Herbert-Stein Encyclopedia Britannica]</ref>  He later served as a contributor to the [[Wall Street Journal]] until his death in 1999 from heart failure.

==Publications==

==Publications==