How the 2008 financial panic can help us face coronavirus

Former U.S. treasury secretary Henry M. Paulson Jr. on how to respond to the ensuing financial crisis. "First, transparency is essential. Leaders should urge calm, but there must be a healthy balance between conveying calm and being frank about troubling facts. Maintaining this balance is even harder when the facts and our understanding of them are constantly changing. The public and financial markets are seeking unattainable certainty, which adds to fear and volatility. So, ultimately, actions are more important than words."