Can the Economy Withstand a Second Round of COVID-19?

Economies are resilient when people can quickly switch from doing what is no longer needed to doing what is demanded. There is no way to isolate people from what is happening in the world by showering them with newly printed money. Flexibility, not rigidity provides strength, and that is a recipe for dealing with future shocks. If we use the COVID crisis as an opportunity to make the economy flexible and resilient, we will come out of this, economically bruised but not beaten, and prepared for however many more waves there might be.