Power & Market
Author:
Hunter DeRensis
Online Publish Date:
The chickens are coming home to roost. It’s only a question of when. Herbert Stein was chair of the Council of Economic Advisors under Presidents Richard Nixon and Gerald Ford and is the father of the more well known Ben Stein. In 1976, he propounded what he called “Stein’s Law”: if something cannot go on forever, it will stop. Stein was referring