Remember the hit television show “Seinfeld?” The “show about nothing?” The show starred Jerry Seinfeld as a stand-up comedian (he really is) whose life in New York City is made even more chaotic by his quirky group of friends who join him in wrestling with life’s most perplexing, yet often trivial questions. The show, which ran for almost ten years, is a classic. And, its beauty was, it was all about nothing. Just everyday nothing.
Now that the WHO (World Health Organization……..not the rock group) has effectively declared the COVID pandemic over, the economy has recovered somewhat and as things are quieting down, is this the “newer normal?” Or just all about nothing?
So picture Jerry, Elaine, George and Kramer (the cast’s characters) sitting at the coffee shop talking about the debt ceiling. “So what’s the big deal about running out of money at the end of the month? It happens to me every month and I’m still here. I mean the government always comes through. They’re always trying to scare us. I mean Yellen said there was no inflation………..Jerry, you see coffee costs more again…….. then it was transitory and now she says the country will run out of money at the end of the month. She’s always wrong. It’s a big nothing.”
Or, George worrying about his bitcoin position. “Ya know Jerry, I bought this bitcoin last year. I mean everybody was buying it and saying it was going to a million dollars. It was my big break. But now it’s way down from where I bought it and some people say its going to zero. Even the government is trying to destroy it. (So George, just sell it.) But what if it does go to a million, I’d miss out. And if it goes to zero I’d look like a loser. It’s just stuck here around $25k-$30k driving me crazy. I don’t know what to do.”
Well George, do what you always do. Nothing. Maybe this crypto thing is just a big nothing.
Inflation? Banks? Politics? Financial markets? Geopolitical events? Education? Wokeness? Employment? Election? Diversity? What if it is “all about nothing?”
What’s the moral of the story, here? NOTHING. There is none. Something to ponder as we navigate the daily crosscurrents of news.