Bloomberg is spending unheard of amounts of money to essentially purchase the nomination. He’s spent more than $400 million in advertising, compared to $18 million for the next non-billionaire candidate. He’s providing ridiculously fancy food spreads at voter events. And he’s hiring people at good salaries through November, regardless of whether he wins the nomination or not. It is unclear how many people are simply agreeing to be bought and how many think his wealth is his biggest comparative advantage for defeating Trump. Perhaps it’s a combination of both. But even if the media and Democratic establishment are more than...