With much of the country now focused on "reopening," pundits and policymakers have focused their attention on what the "new normal" of a post-COVID America looks like. Although much of the attention has been focused on the future of massive public gatherings and changes to American work environments, the most significant change to American societies may be faith in our governing structures.

The policy response to the coronavirus has already led to dramatic changes to policy. In the positive, both federal agencies and state governments have waived or altered many traditional regulatory requirements to bypass disastrous delays in medical testing and to better facilitate delivery of services. In the negative, the Federal Reserve has massively escalated its interventionist policies, highlighting how radical these institutions have truly become.