In the first 18 years of the new millennium, the US economy has fared much worse than it could have. If the Federal Reserve wants to improve that performance, it should consider changing the way it manages growth and inflation. Employment among people in their prime working years (ages 25 to 54) has yet to recover to where it was ...

More than three months after its federal election, Germany still has no new government. Oddly enough, this may be less of a problem for Germany, which continues to enjoy a strong economic run, than it is for the European Union. The euro zone needs reform, and that won’t happen without German leadership. Angela Merkel promised in a speech on New ...

Margrethe Vestager, the European Union’s competition commissioner challenging tech giants on several fronts, has opened another: “big data.” In an interview with The Wall Street Journal, she singles out data as an important competitive advantage that should be more seriously considered in antitrust reviews and investigations. Buying the mostly groundless big data hype is, unfortunately, often the flip side of ...