When I first began writing about economics in the early 1970s, I made a private vow that I would never use the word “depression” in describing the state of the economy. The economists and politicians who occasionally did so were, I thought, engaged in partisan hyperbole. Their game was to scare people into thinking the end of the world was ...

Venerable apparel retailer Brooks Brothers says it is “in the process of converting its New York, North Carolina and Massachusetts factories from manufacturing ties, shirts and suits to now making masks and gowns.” Michigan-based workwear maker Carhartt is shifting over to mask and gown production, too. In Houston, Gourmet Table Skirts & Linens, which normally sells to hotels and cruise ...

As coronavirus spreads across the US, epidemiologists and public health experts keep hitting one message: Stay home. Without social distancing, Covid-19 could kill nearly 2 million Americans — perhaps 17 times as many as there would be if everyone hunkers down. This is why, as of early April, the vast majority of Americans are living under shelter-at-home orders. But what ...