The United States is entering a dangerous phase where the habits formed in the pandemic era, easy money and sweeping stimulus, collide with the hard arithmetic of debt, inflation, and slowing growth.

Economic stories are often built on data. This information can shape how the public understands financial conditions, government policy and business performance. But in our data-saturated information ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. Speaker 1: From the Opinion pages of the Wall Street Journal, this is Free ...