As Democrats swing left, it becomes increasingly difficult to imagine what their triumph in the next election would mean for America. The presidential candidates endorse a variety of far-reaching proposals that, if adopted, would represent the largest expansion of government since Lyndon Johnson’s Great Society. The added spending, taxes or deficits could total hundreds of billions. Are these sound economic ...

Spare a thought for the European Central Bank (ECB). The minutes of the last Governing Council show the central bank is in a bind over the state of the euro zone recovery and the next steps to take. Still, it is hard to see why they shouldn’t be. The economic picture is objectively confusing. The problem is that we have ...

No one should be surprised that Wayfair Inc.’s earnings report showed that it had a gangbusters holiday season, with retail sales growing 41 percent from a year earlier. After all, the digital home-goods seller had already said its sales were up 58 percent from a year earlier during the five-day stretch, suggesting it had started the season with a bang. ...