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Income inequality in the US celebrated its 50th birthday last year. Having declined steadily after World War II, 1968 began a 50-year winning streak. Few are cheering, though, because concentrations of wealth are dangerous. People controlling huge amounts of money can use their buying power to...

Like you, I try to get out once a day to keep clarity of mind, whether out for a walk or, even better, to experience something of commercial life out there, truncated as it might be. Businesses doing business, wealth being created despite...

Laissez-faire has become a dirty word. Today it serves as shorthand for a soulless, anything-goes approach to life in which government makes no contribution to a thriving economy and the market is the solution to every problem. The term’s origin, however, suggests...

Protectionist policies are, on the surface, attractive. Through state means, they promise to protect industries and workers as well as boost a country’s industrial production. But like most top-down solutions, there’s a catch; the government has a knowledge deficiency. “No one knows what technological...

TweetHere’s a letter to the Wall Street Journal: A recent headline of yours reads “Trump Doubles Down on Threats to Impose Tariffs on European Cars” (Jan. 21). May I suggest that you change your policy to always refer to tariffs as being...