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Poland has a lesson for central banks

  Simply holding still shows backbone when other Polish institutions are under siege. By sticking with its longest policy pause in almost two decades, the National Bank of Poland is winning over the biggest doubters of the country’s course after the Law & Justice party’s sweep into power last year. S&P Global Ratings, which in January handed the sovereign its ...

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Keep politics out of FDA’s drug-approval system

Congress has voted to change the way new prescription drugs are approved, in a way that could endanger patients. The deal now under consideration contains a sweetener for lawmakers who might be wary of such a change (Democrats, that is): substantially increased funding for medical research. It’s very effective politics, but not necessarily good policy. The bill in question would ...

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Early Brexit talks good for UK’s economic health

  British parliamentarians voted 448 to 75 to endorse Prime Minister Theresa May’s plan to trigger Brexit talks by the end of March. The MPs also secured the right to scrutinize her negotiating plan first. The debate in the House of Commons continued for six hours before the voting. The vote is not legally binding. But it is politically significant ...

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