If something cannot go on forever, well then, it will eventually stop. So said economist Herbert Stein when he made this obvious but insightful observation. Trees do not grow to the sky, and matters that are truly unsustainable eventually come to an end. The most recent example of something that can’t go on forever has been the inflows into low-cost, ...

Announcing plans for additional tariffs on $200 billion of imports, the Trump administration has taken another dangerous step toward escalating its trade war on China. China’s response, so far, has been measured, and that’s encouraging. The US Congress has managed only the feeblest gesture of protest, and that’s disgraceful. The president has told US Trade Representative Robert Lighthizer to draw ...

The European Commission had solid antitrust reasons for fining Google 4.3 billion euros ($5 billion) for violations including the bundling of certain apps with the Android operating system — and for not going after Apple for similar behaviour. Yet, from a consumer’s point of view, Apple should get the same kind of attention. The most important infraction by Google in ...