They’ll Wreck the Currency if They Have To

by Simon Black
Sovereign Man

Nearly seven centuries ago in the mid-1300s, the first major outbreak of the Bubonic Plague forced Europeans into some of the harshest social distancing measures in history.

As Boccacio wrote in The Decameron in 1353, the hysteria was so extreme that “brother abandoned brother. . . fathers and mothers refused to see and tend their children, as if they had not been theirs.”

When people sensed the worst was over, they slowly came out of their homes.

There was no grand re-opening of the economy like some department store suddenly under new management. People remained highly mistrustful of one another, continuing to avoid even the most basic interactions with friends, family, and professional colleagues.

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