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Hello and welcome to the intelligence from the economist. In New York, I'm your host, John

Fastman.

Every weekday, we provide a fresh perspective on the events shaping your world.

China has tried to control COVID spread through lockdowns and quarantines rather than mass vaccination.

That approach has confined many of Shanghai's 25 million residents to their apartments for more than a month,

and they've become increasingly restive and vocal.

And few politicians are remembered with as much affection and respect as Nelson Mandela,

South Africa's first democratically elected leader.

But who do his name and legacy belong to? And should they be used to make money?

First up, though.

The United States Central Bank, the Federal Reserve, has faced widespread criticism for letting inflation get out of control. In America, consumer prices rose by 8.5% in

...