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On April 8, 1873, black residents in Baltimore gathered to pay homage to Johns Hopkins, a man with just months of life remaining who planned to create an orphanage for black children and a hospital open to whites and blacks alike.

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Along with a working vaccine, Joe Biden inherited a V-shaped economic recovery, but he is now planting the seeds of its destruction. Inflation, federal deficits, high taxes, incentives for workers to stay home, and incentives to avoid investment – they’re all coming back. Together, these elements create the perfect brew for a Lyndon Johnson-style stagflation. If Biden and the Democrats so quickly wreck the good economic path they were given, it will be one of the worst examples of government malpractice in U.S. economic history.