In the late 1930s Britain stocked up on caskets, in anticipation of the germans bombing English cities. They stored them in church basements as fascism/naziism poured remorselessly across borders like trump plague. ribbentrop/molotov (actually hitler/stalin) in Poland, Latvia, Lituania and Estonia swept in murdered with the speed and compassion of ‘spanish’ flu and cholera. neville chamberlain obviously knew what he was doing, getting his conservative government into the coffin business. Knew damned well that he’d helped cook up a catastrophe. The point is, at least he was ready to tidy up the mess.
‘Modern’ ‘conservative’ economists deplore overcapacity, such as stockpiles of coffins, as inefficient. Having scads of dead and dying people in hospital hallways and lobbies (not to mention park benches and under bridges) is more efficient. We humans exist for the modern economy ‘modern’ ‘conservative’ economists rather than vice versa.
Here and now, the government is depending on the ‘hidden hand of the market’ to provide the necessary equipment needed. This is that brain-dead, drunken bum larry kudlow’s fixation. Milton Friedman might have written that monetary policy and the market are no damn good in emergencies, I don’t remember. But if he did he should have put a warning to that effect on the front page in colossal bold font and red ink.