The day Ronald Reagan was shot, 39 years ago now, secretary of state Alexander Haig rushed to the White House microphones to urge calm: all was well, he, Haig, was in charge. Except his voice trembled as he said it. Not the best form of reassurance.
With a literal virus also in the air, all supporters of moderation will want the traditionally touchy-feely Biden to conduct the rest of his campaign from inside a glass bubble. We have TV studios. They presumably can be made antiseptic. Do 21st-century politicians really still need to glad-hand voters, kiss babies and press the flesh?
A common observation after the Fed’s rate cut Tuesday and the Bank of Canada’s echo of it Wednesday was that anything more will have to come from fiscal policy.
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