Opinion: Yes, we need to mobilize industry to make masks. There’s a better way to make it happen.
Caleb Watney is a technology policy fellow at the R Street Institute, and Alec Stapp is the director of technology policy at the Progressive Policy Institute. This op-ed is based on a policy brief they co-authored at the Mercatus Center at George Mason University.
A better idea is to harness market signals and amplify them using the purchasing power of the federal government. And it turns out that there’s another section of the DPA — Title III — that can make that happen using purchase guarantees. If paired with targeted deregulation, massive purchase guarantees can act as a multiplier on American manufacturing capacity.
And here’s how to make it happen fast. The government can speed up the entire production process by sending a large and credible signal that medical equipment will be purchased at higher-than-normal market rates for a sustained period of time. The higher the price, the faster manufacturers will start retooling production lines and the faster the producers and shippers of raw materials will begin reforming their supply chains. The “speed premium” in a pandemic is incredibly high.
To accelerate production, the FDA should issue temporary Emergency Use Authorization exemptions for all domestic manufacturers of masks and ventilators, just as it did for diagnostic testing. Regulators can accelerate the permanent EUA process by delegating the testing currently done at the National Personal Protective Technology Laboratory to university and private labs. And the FDA should also remove the quantity limits on entities granted an EUA.
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