“Okay” for most of us means, those people who never lost their own Protestant work ethic of “save, spend, and give” in proportions commensurate with their own industry (i.e. personal ambition, intelligence, and self-discipline) and thrift (i.e. those who scrupulously spend less than they have or make).
The vast majority will survive the Coronavirus pandemic, just as we will also survive either four more years of Trump or the election of a President Joe Biden and whomever will be making decisions for him. Markets will fluctuate. Corn and beans will continue to get planted and then grow. Kids will eventually go back to school. Teenagers will still do dumb things. Old folks will die. New ones will be born. Air conditioning, potable water, flush toilets, hot showers, WiFi, winter Blueberries, fish being caught, and fresh coffee are not going away anytime soon. In other words, the sun will come up tomorrow and life is going to be okay for most.
The only thing that keeps me up at night is asking what happens to the social security recipients, the government workers, the pensioners, and our perpetual wards of the state or indigenous urban people who now rely upon stable, yet untethered and uncollateralized paper money?
If the fiat currency of the world (a.k.a. the US dollar) should every die through either hyper-inflation or deep and unimaginable deflation, everything I have written above is kaput.
