India has chosen an odd combination of strategies in its fight against the coronavirus: a harsh lockdown on economic activity and a meager fiscal response to the loss of jobs and incomes. What’s making this more painful is a denial of the role of finance in both containing the fallout of the outbreak and in supporting the recovery later. Allowing ...

Six governors from a string of contiguous eastern seaboard states stretching from Rhode Island to Delaware announced that they would form a working group to cooperate on reopening businesses in the region. This kind of state-level coordination is much needed. The federal government hasn’t taken the lead in ordering coronavirus lockdowns, and so it won’t take the lead in reopening ...

Covid-19 is not just changing Americans’ daily lives, it may also transform their system of government. On many important current issues, the US may end up with an arrangement that looks more like the Articles of Confederation than the Constitution. Consider how this might evolve. First, states and regions are recovering (or not) at dramatically different rates. The worst may ...