Horatio Parker
Veteran Member
The first big need is medical supplies, facilities and personnel. That is why we need to finance immediate domestic production of masks, oxygen tanks, ventilators, and the construction and staffing of field hospitals, including the conversion of existing structures such as hotels, dormitories and stadiums, and the hiring and upgrading of staff.
Ideally HHS should finance supplies, the Army Corps of Engineers should run construction, and FEMA should manage and coordinate. The Federal Reserve should be empowered to buy unlimited debt from state and local governments and both debt and equity from private companies. If Congress cannot agree quickly on specifics, create a government-owned Health Finance Corporation and give it unlimited full-faith-and-credit bonding authority, as was done for the Depression and WWII.
Read the whole thing, it's not long:
https://www.ineteconomics.org/perspectives/blog/what-the-government-needs-to-do-next