Thirty years ago, India endured its last big financial crisis when it had to send gold held in the central bank’s vaults over to London to borrow hard currency from the Bank of England. Luckily, the flights landed safely, and so did India. The turnaround in economic thinking triggered by that balance-of-payments humiliation saw the state shed controls on production ...

According to Elizabeth Warren, economists who say that her proposed wealth tax would stifle investment and growth are “just wrong.” Leaving aside the question of whether economic projections, which by definition require assumptions about future human behaviour, can be right or wrong, it is true that her proposal has spurred a vigorous debate among economists. A lot of the points ...

America is going to have to reckon with an internet that is becoming less American. Some US lawmakers on both sides of the partisan divide have said they are worried about TikTok, the app that lets users record and share short videos or dance routines to music. The app quickly became popular in the US and some other countries, and ...