The Trump administration’s latest plan to reform financial regulation starts in a very good place: It attacks the ridiculous complexity of the current system. But it fails to follow through with new rules that promote safety as well as simplicity. Put into practice, it could be a big step backwards. The Treasury Department’s new report is right to complain that ...

For OPEC, Russia and others that have lived off oil (and little else) for decades, the worst-case scenario is about to become the present-tense scenario. America has discovered the magic beanstalk, and it is named “shale oil production.” The US now has the ability to not only be energy self-dependent but to become a major exporter of oil and natural ...

During the Reserve Bank of India’s (RBI) press conference last week, one exchange stood out. Asked about a meeting scheduled by the finance ministry in New Delhi to discuss the RBI’s policy, the governor of India’s central bank, Urjit Patel, replied: “The meeting did not take place. All the MPC members declined the request of the finance ministry for that ...