Human fragility underlies the bleak view of the post-covid world provided by “Scarring Body and Mind: The Long-Term Belief-Scarring Effects of COVID-19”, a paper delivered in August at the Jackson Hole annual economic policy symposium. Julian Kozlowski and his co-authors argue the pandemic will psychologically scar the populace and the negative economic consequences post-shock will far outweigh the direct losses suffered during the pandemic.