Covid Part 4: Economic books will, from now on, have an entire section on the Coronavirus crisis.

Covid Part 4: Economic books will, from now on, have an entire section on the Covid 19 crisis.

That’s insane. We are living in this thing. Right now. The effect this mandatory cancellation of events and closing of schools is having isn’t something we’ve ever seen before. And it’s not just the US : this is a global economic crisis. It’s everywhere. The same thing is happening all over the place. It’s bananas.

Will and I keep processing things in our discussions before the kids go to bed. The stock market is has plummeted, dear friends are being forced to shut their businesses and fire people (which is the absolute worst thing as a business owner), mamas I know who depend on school and are working from home are now full time care givers and trying to run their businesses. It is affecting everyones money in one way or another.  It’s wild. 

And who is to say that all of this isn’t worth doing? The value of human life far surpasses the health of global economics, and I think civil society is doing a pretty great job so far tolerating all these changes. But there will be other consequences of all this down the road as the story continues to be told. And we just have to wait and see. No one really knows what will unfold.

I don’t have any smart financial things to say about this other than, I hope we take the time to learn lessons from it. This will be extremely costly and damaging to our economy, and the rampant fear is going to keep people from going out and spending their normal dollars once the shelter in place mandates pass. We have a long road ahead of us, I think.

BUT. We will continue to wait, continue to trust our God who is still in control, and continue to look to Him as our Provider.

And PS, this is a really, really great time to invest your money! The stock market is on sale, and it will come back up again one day. Just sayin’. If you’re not the investing-type, now is your time.