Days after a mass shooting at one of Walmart Inc.’s stores in El Paso last month, the nation’s largest retailer offered a cautious and decorous response. CEO Doug McMillon offered prayers for the families of those affected and pledged the company would be “thoughtful” about how it responded. Now, a month later, the CEO’s thoughts have morphed into company policy ...

As the 1970s came to a close, I sensed that double-digit rates of inflation were about to turn to disinflation, or smaller and smaller overall price increases. Given the close correlation between inflation and yields on US Treasury securities, I forecast in 1981 a dramatic decline in the 30-year yield from what was then 14.7% to 3% and stated, “We’re ...

Two MIT economists have come out with a big, bold plan for reviving US economic growth. Done right, it just might work. Slowing growth creates a lot of problems. It engenders despair by making people less likely to be richer than their parents. It might exacerbate wealth inequality. It creates a zero-sum world where people must fight over a smaller ...