The same may be true of the economy. So says Tyler Cowen, author of the new book “The Complacent Class: The Self-Defeating Quest for the American Dream.” Although we’ve recovered from the Great Recession, there are widespread fears that the economy will stagnate or grow only slowly. Government won’t be able to handle the next crisis, whether a war, …

  If you want an example of the threat faced by the U.S. from an emerging China, look no further than Xiaomi Corp. The electronics manufacturer has made the bold move into designing its own smartphone chips. Of the vast variety of semiconductors that reach the market every year, it’s those processors used in mobile phones that are among the …

  National security adviser is not a position requiring congressional approval. But because President Donald Trump’s new choice to fill the job, Lieutenant General H.R. McMaster, wants to continue as a high-ranking active-duty officer, the Senate needs to approve his appointment. It should use the opportunity to hold a hearing and invite McMaster to elaborate on his vision of the …