Donald Trump and his populist, nationalist counterparts in Europe are often portrayed as a threat to democracy. Their supporters argue that establishment politicians and technocrats are an even bigger threat because they listen only to the special interests that feed them. Could it be, then, that democracy in its current American and European forms is a threat to itself? ...

  Given the parlous state of Europe’s economy, it’s hard to imagine that the investments of the region’s banks are among the safest in the world. Yet that is precisely what they would have regulators and investors believe. The banks’ safety has come into the spotlight as European officials — including German Finance Minister Wolfgang Schaeuble and European Commission financial-services ...

  When smoking costs more, more people quit. That’s why higher cigarette taxes are almost always good policy, for smokers and the public health, too. There’s a catch, though — and it’s one that voters in four states should keep in mind as they consider ballot initiatives next month to raise cigarette taxes: Sin taxes work only if they’re high ...