BRUSSELS--This ought to be a moment of great triumph for Europe and America together. Instead there is mutual disenchantment. On May 1 the European Union accepted 10 countries--most of them remnants of the Soviet empire--into membership. The EU is now a...

There are ample reasons to doubt whether a huge increase in government spending is what the economy needs.

Kevin A. Hassett reviews Econoclasts, by Brian Domitrovic, and The New American Economy, by Bruce Bartlett.

If we expect to solve our debt and deficit problems, we must eventually face the fact that the major entitlement programs must be on the table. That includes Social Security, Medicare, and Medicaid.

As global stock markets tumbled over the last few trading days, pundits fell all over each other to assign blame. Not only can the finger-pointing be diverting--and perhaps politically advantageous--but it is natural to search for reason and understanding in such a harrowing time. The problem is a surfeit of suspects.

Review of The Good Life and Its Discontents by Robert Samuelson.

Public and elite opinion now consists of a mix of anger at the Chinese regime for its corruption, inequality, and brutality; national pride; and aggrieved nationalism.

Yogi Berra might say regarding a typical emergency room today, "Nobody goes there anymore; it's too crowded."