What’s an economic model that wouldn’t suffer severe consequences after a massive pandemic restricted economic activity, and a huge war led to sanctions on a resource that is required for almost all economic activity?

Because, to be clear, we had significant inflation because of a huge injection of cash to buoy up economies during a time when people weren’t working, and due to a huge increase in oil prices due to sanctions on Russia.

We could have not done quantitative easing, furlough schemes and so on, but that would have carried other negative consequences!