In late 2016, the Air Force realized it was facing a shortage of about 700 fighter pilots. The service, to its credit, pushed ahead with several initiatives to avert the looming crisis. The result: The Air Force is now short about 1,200 fighter pilots. It’s not that the Air Force’s steps weren’t improvements. It’s that they were too small. With ...

With the unemployment rate down to near four percent, and new claims for unemployment insurance at a 48-year low, maybe the economy can’t accommodate more workers without zooming out of control. That’s the conventional wisdom, but a few economists are skeptical of this narrative. We see an economy that is still well below its long-term trend line. How do we ...

The European Union can act in unison at times — for example, on Russia sanctions or, at least so far, on Brexit. But as French President Emmanuel Macron and German Chancellor Angela Merkel try for a closer union in the next few years, they will need to be mindful of the fact that there is no single narrative among the ...