Various cultures have different phrases for expressing the idea of having it both ways at once. “To take a swim and not get wet” is an Albanian proverb. Poles talk about “having the cookie and eating it.” Iranians want “both God and the sugar dates.” The Trump administration has been weighing a contemporary geopolitical version of this straddle. Hard liners ...

Many Americans are worried that the US is becoming a class society. The country’s founding mythology holds that it began as an egalitarian alternative to the hidebound, class cultures of Europe—a place where even the lowliest of birth rise through hard work and ingenuity. Of course, that rosy image was never quite accurate, but in the mid-20th century the US ...

In selecting a chairman of the Federal Reserve, President Donald Trump should not be looking for a hawk or a dove. He should be looking for someone who is willing to play either role as circumstances warrant. One of the top contenders for the appointment, Kevin Warsh, has proved he is right for only half the job. He has leaned ...