I Can Live Without a Living Room

Charlotte, N.C.According to the Urban Land Institute, Charlotte ranks among the nation’s hottest housing markets. I noticed something peculiar about my own Charlotte home, however, that slowed my family’s high-fiving over our resale prospects. The house has no living...

Inflation Drives Wages Down, Not Up

The Labor Department released a report Friday showing that worker pay increased about 4% in one year, the fastest rate in two decades. This led to predictable alarm that the U.S. is facing a “wage-price spiral,” in which higher wages push up prices, which lead to...

America Is Stronger Than It Looks

The world’s attention may be fixed on Russia’s challenge to Ukraine, but the Biden administration faces something much larger: an intensifying challenge by China, Russia and opportunists such as Iran and North Korea to the global order that the U.S. inherited from a...

Stemming a Sovereign-Debt Crisis – WSJ

Rising interest rates and slowing global economic growth likely will spur many low-income countries to try to restructure their sovereign debt. This is troubling because recent restructuring cases have produced extended stalemates between borrowers and lenders rather...

Going After the Kremlin Mafia

A panoramic view of the Kremlin in Moscow. Photo: Mikhail Metzel/Zuma Press One difficulty with crafting sanctions against Russia is finding ways to maximize pain for corrupt elites while minimizing damage to ordinary Russians, who suffer enough under Vladimir Putin’s...