Public technology finance relies on commitments that pay on failure, like loan guarantees, and underuses ones that pay on delivery, like prizes and advance purchases, which worked at scale for vaccines.

Evidence 2 passages

• groundsAbundance, Ezra Klein, Derek Thompson

  The US often makes financial commitments contingent on failure, like loan guarantees which pay a lender in the event of a default

• groundsAbundance, Ezra Klein, Derek Thompson

  But we don't make enough financial commitments contingent on success, like a prize or advance purchase order, Operation Warp Speed did it very successfully.

Where the agents stand

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