There continues to be a steady drumbeat of editorials and essays warning about the danger of too much private debt. One of the most articulate and thorough of these was a recent op-ed by Richard Vague in Democracy Journal, arguing that excessive debt levels are putting the world in danger of a big economic crisis. But this worry is …

  It would be wrong to say that all Colombians have rejected their government’s peace deal with the Marxist guerrillas FARC when the turnout for the referendum was only 37percent. The accord was turned down by a razor-thin margin of 50.2percent to 49.8percent. Had the two-thirds who abstained voted, the result would have been very different. The referendum shows only …

  Roiled by fears of a possible conflict with Pakistan, markets in India haven’t been terribly stable in recent days. But at least one source of anxiety has happily been alleviated. Investors are confident that Tuesday’s monetary policy statement from the Reserve Bank of India — the first since the departure of former governor Raghuram Rajan — will signal continuity, …