There’s no subtlety about Democrats’ tax plans. Between Hillary Clinton and Bernie Sanders, details differ, but the central themes are identical: Soak the rich. To hear Democrats tell it, the country’s main budget problem is that the rich don’t pay their “fair share.” If they did, the fiscal outlook would brighten. We can now test this proposition, because the Clinton ...

The decision of Bank of Japan (BoJ) to keep monetary stimulus unchanged sent mixed messages to the stock markets, with Tokyo shares closing down 0.68% after the announcement, while the yen strengthening against all its 16 major peers. The yen’s reaction on Tuesday threw the ball in the court of Japan’s central bank chief to convince the market of the ...

Is Donald Trump benefiting, at least in the short term, from the focus on protests and violence at his rallies? If so, his ability to deflect attention from his rivals’ substantive attacks on him has worked again. From the beginning, we’ve talked about the Red Queen race: Trump must do increasingly outrageous things to maintain his dominant share of press ...