The US is a place where the big things — health care, infrastructure and asset management to name a few — just cost too much. Price transparency is an underrated tool for bringing down those costs. In economics classes, we teach something called the law of one price — the cost of the same good or service shouldn’t be ...

  Each December, China’s leaders meet to lay out their economic agenda for the next year. And each December, China-watchers pore over their every word, much like Kremlinologists during the Cold War. It bears remembering that these pronouncements are rarely predictive, and that the best sources of insight on China’s economy are usually found elsewhere. Here are a few key ...

  Does the current interest in “fact-checking” and action to deal with “fake news” serve the cause of better politics? You might think it would, or at least that it couldn’t hurt. I’m skeptical. The main problem is that teams such as FactCheck.org, PolitiFact and the Washington Post’s Fact Checker don’t always do what they say. Often they aren’t checking ...