From Vox:

Caleb Watney from the R Street Institute and Alec Stapp from the Progressive Policy Institute suggest avoiding this situation with an idea that will recur several times on this list: The federal government should agree to pay above the pre-crisis market rate and guarantee that it will buy lots of masks and lots of respirators for an extended period. That gives business owners confidence to invest. The risk is that the country ends up “wasting” money on unneeded equipment if things end up going better than expected. But surplus equipment can be stockpiled so the US doesn’t get caught short in the next pandemic, or can be donated to lower-income countries that don’t have the financial capacity to engage in massive purchase guarantees.