What comes next will set the path for the world economy
Apr 23rd 2022
Central banks are supposed to inspire confidence in the economy by keeping inflation low and stable. America’s Federal Reserve has suffered a hair-raising loss of control. In March consumer prices were 8.5% higher than a year earlier, the fastest annual rise since 1981. In Washington inflation-watching is usually the preserve of wonks in shabby offices. Now nearly a fifth of Americans say inflation is the ...
Heather Cox Richardson
Early in the morning of April 15, 1865, President Abraham Lincoln breathed his last. The night before, he and his wife had gone to see a play—a comedy. One of the last men to talk to him before he left for the theater said it seemed the cares of the previous four years were melting away. The Confederacy was all but defeated, and the nation seemed to be on its way to a prosperous, inclusive new future.
The bullet that killed Lincoln had been delivered by John Wilkes...