As bad as the 2008 crisis was, the cure could be worse. After Lehman Brothers fell and the US government stepped in to rescue finance from its worst instincts, many demanded that banking become “boring” again. Stolid lending, it was argued, was what banking should be all about. It’s time to recognize that this was a mistake. Finance is indeed ...

President Donald Trump has gone so far as to suggest that he possesses “a magic wand” capable of producing unexpectedly robust economic growth. I don’t know about a magic wand. But Trump is right about the strong economy: This is a genuine boom. And the greatest threat to it is the president’s policy agenda. First, give credit where it is ...

India has a long history of drafting laws to protect its companies. In the process, Indians themselves often suffer. That’s precisely what will happen if the government proceeds with plans to force companies doing business in India to store all customer data locally. The first salvo in this campaign was fired in April, when the Reserve Bank of India (RBI) ...