By all accounts, the U.S. government moved with purpose to respond to the economic fallout triggered by the extreme public health measures taken to stem the spread of COVID-19.
But what is clearly hampering the governmental response to the pandemic is its financial infrastructure: rickety, dated, and incapable of serving portions of the population in a targeted and timely manner. The stories of reliance on physical delivery of stimulus checks, tech bottlenecks at the SBA, and benefits systems running on a computer programming language created in the 1950s paint a grim picture.
This is a stark contrast to the internet and digital economy that has created resiliency, productivity, and opportunity for many Americans at a time we are restricted from acting in our physical world.
[You can read the full op-ed here are MarketWatch
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