Carson Block

We know what's going to happen in terms of on the monetary side, and they will have to try to reinflate assets, and that will eventually happen.

Assets will be reinflated.

But this will reorder society significantly because, I mean, the politics, the amount of turbulence that we're going to have to go through, you know, to really figure out how we structure societies, it's going to be significant.

And, you know, look, I do think on the back end of this, on the back end of a lot of turbulence, and I don't, you know, this is a number of years to get there.

The good news is, you know, I think...

I think most people will live reasonably comfortable lives.

I think a lot of the private sector will be there to serve the government.

Governments will be massive employers, massive consumers of highly inefficient products and services from the private sector.

So I think a lot of your private sector ends up looking like Chinese state-owned enterprises.

Then there's another part of the private sector that focuses on the private sector.

It's going to be the leanest, most efficient companies ever.

But, you know, I think a lot of people, you know, will be working – your middle class people will be working two or three days a week.

They'll have disposable income.

This will be great for small businesses, you know, leisure businesses, travel, et cetera.

You know, I think there will be – you know, our underclass will receive –

universal basic income, and they won't have to work at all.

And I hope there will still be room for people to achieve if they really want to.

I don't know, but I've got a couple of kids and I'm raising them with that expectation that if they're willing to put in the work and they have the ambition,

that they can achieve more than just owning a cafe.

But I think it'll be great for cafe owners.