Before I begin, I want to say I am not an expert in macroeconomics. I’m just one person, trying to attain clarity in my thought by writing it out.
So.
One of the high points of my normal week is my Saturday morning visit to our local coffee shop. I get a cup, read the Wall Street Journal and the New York Times, and generally indulge my inner Mitteleuropan intellectual. Like old Vienna.
Yesterday I went and got my last coffee, to go, for now. The coffee shop is closing as of tomorrow. They tried to keep operating on a takeout-only basis, but it wasn’t enough. Until they can open fully, their doors are shut.
Is this closing temporary or permanent?
That is a very good question.