The Wenatchee World

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Today

Hi92° Sunny

Tonight

Lo63° Clear and Breezy then Clear

Sunday

Hi86° Sunny

Sunday Night

Lo62° Clear

Monday

Hi88° Sunny

Monday Night

Lo62° Mostly Clear

Tuesday

Hi80° Mostly Sunny

Tuesday Night

Lo59° Mostly Clear and Breezy then Mostly Clear

Wednesday

Hi85° Sunny

Wednesday Night

Lo63° Clear

Detroit learns Stein’s law of economics

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WASHINGTON — If there’s an iron rule in economics, it is Stein’s Law (named after Herb, former chairman of the Council of Economic Advisers): “If something cannot go on forever, it will stop.”

Detroit, for example, can no longer go on borrowing, spending, raising taxes and dangerously cutting such essential services as street lighting and police protection. So it stops. It goes bust.

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