There’s a flurry of commentary this morning arguing that new economic sanctions introduced by the EU, European states individually and perhaps soon the United States in response to yesterday’s events are too weak and show NATO and the EU are somehow going soft. I’d suggest some skepticism with these arguments and a bit more patience. History doesn’t have many one and done moments. Thinking every moment is Munich and Neville Chamberlain mostly makes people dumb. The U.S./EU/NATO powers here need to find a balance between having a response to yesterday’s events while yet keeping some deterrent in reserve for further escalation.