At the Democratic convention in Chicago, many of the speakers—from Barack and Michelle Obama to Tim Walz—have warned Democrats not to get complacent about a Kamala Harris victory. Yet something subtle is also going on here. Democrats are keeping complacency at bay—without letting Donald Trump balloon into a psychologically frightening figure in their minds. Democrats are going into this election with the correct level of guarded confidence. We talked to Brian Beutler, who has a good piece on all this coming out Friday on his Substack, about the careful balance Democrats are striking—and why it may be the key to shrinking Trump into a diminished figure.

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