What Victory Looks Like in the Coronavirus War

A telling moment came on CNBC Thursday. A host gently shushed the learned Jim Grant, editor of Grant’s Interest Rate Observer, saying discussion of trade-offs was not encouraged.

On TV, delivering up unpleasant choices is bad for the brand. Unfortunately policy discussion is about trade-offs, especially in the hardest of circumstances. Fortunately, the dam would break on CNBC a day later, thanks in part to an editorial in this paper.

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