On panic

SERIES: The Thing About is a weekly Business Day column designed to discuss democratic ideas, ideals, values and principles from a liberal perspective. Panic is often offered up as an explanation for rash action, but is it always a legitimate excuse? The answer to that question boils down to a determination as to whether or not a person could reasonably be expected to have been aware of their panic and, in turn, acted to control it. And, when it comes to widespread moral panic, the difference between good and bad leaders is often best defined by their approach to such problems.

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