Before I offer thoughts on President Donald Trump’s latest two nominees to the Federal Reserve’s Board of Governors and the challenges they face, some full disclosures are in order. I interviewed for one of the open governor positions at the White House in late May. I have an unconventional background for a Fed governor as I don’t have a Ph.D. ...

It will take more than a few protests to cool Hong Kong’s real estate market. The latest round of social unrest has homeowners worried that the local economy, especially the property sector, will suffer. In fact, the market is only going to get hotter — if it can weather the current round of chaos. The city has been in turbulence ...

As a child in 1943, the Indian economist Amartya Sen watched one of the worst famines of the 20th century sweep through his native Bengal. Contrary to the popular image, the disaster didn’t manifest as a widespread shortage of food, he later wrote. The middle classes hadn’t “experienced the slightest problem during the entire famine,” which primarily affected ”landless rural ...