The essence of modern economics can be summed up in two words: borrowing money. One generation spends, and the next spends a lifetime paying it back.
But we shouldn't forget that in every challenges lies a way out of it, when things like this happens, then we must be ready and able to hold ourself down to the capacity of what we can offer, when we are not too dependent, then we are most likely not going to get affected by the way of the effect of these governments actions and inactions, because we are less dependent on them or their economy policies, instead being independent.