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'''Herbert Stein''' (August 27, 1916 - September 8, 1999) was a renowned economist for the [[Nixon]] and [[Ford]] administrations. In the 1940s, he proposed using the federal budget deficits to regulate the economy&mdash; a view was regarded as "unnatural" and "completely and utterly communist" by many at that time.<ref>[http://query.nytimes.com/gst/fullpage.html?res=9B05E5DD143DF93AA3575AC0A96F958260 New York Times Online (September 9, 1999):''Herbert Stein, Nixon Adviserand Adviser and Economist, Is Dead at 83'']</ref> This view was held by proponents of the [[Keynesian]] model of [[socialist]] [[economics]], which was responsible for the [[stagflation]] of the 1970s.<ref>[http://www.huppi.com/kangaroo/Keynesianism.htm '''A Review of Keynesian Theory'']</ref> He is the father of noted TV and movie personality [[Ben Stein]].