How a central bank created to exist apart from politics got drawn into bitter political arguments. In September, the European Central Bank announced that it had taken decisions on a “number of technical features regarding the Eurosystem’s outright transactions in secondary sovereign bond markets.” The ECB did all it could to make these decisions sound ...

What’s behind the dangerous new notion that democracy should be left to the well-educated. It’s been a rough ten years for democracy. It isn’t just that Donald Trump was elected against the wishes of the majority of American voters, and that he then tried to overturn an election that he lost. Nor is it even ...