I am mostly a libertarian but even I see that in our interconnected world we need institutions that prepare for “Black Swan” events. Unfortunately that doesn’t mean just being better prepared for the next virus pandemic. We need to be prepared for the next black swan. How can we be prepared for an unknown and unforeseen event? I suggest that having surplus is the key and the path to surplus is through prosperity. I have written about this quite often on my blog.

It is too early to judge which countries and strategies were best at handling the COVID-19 Pandemic. Lots of PhD’s will be earned analyzing the data and recommending future strategies. We will get through this one and at some time in the future there will be another one.