Mario Draghi had better enjoy his winter break. Entering the home stretch of his eight-year term, the European Central Bank (ECB) president unveiled a big jump in the growth forecast and told reporters he’s increasingly confident in the outlook. His demeanor seemed almost relaxed, winding down for the year. It won’t last. The relatively upbeat outlook foreshadows a watershed moment …

Well, here are some things you don’t see every day. A few headlines in Brazil are aligning to show Latin America’s largest economy a path back towards confidence — and, just possibly, to restore some of the world’s confidence in democracy. The first unusual circumstance is that Brazil’s central bank governor will almost certainly have to write a letter to …

“There’s nothing wrong with supply-side economics that division by ten wouldn’t cure.” The quip came from Charles Schultze, the chairman of the Council of Economic Advisers in Democrat Jimmy Carter’s White House. It meant that improving incentives to work and invest would promote economic growth — but not nearly as much as tax-cutting enthusiasts believed. The point applies to the …