On Sunday, April 12, John Williamson (1937–2021)—the distinguished economist of the Peterson Institute—passed away. Williamson is best known for coining the term “Washington Consensus” in a 1990 article.

There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of goods and services. It is also held that to counter general increases in prices, as depicted by the consumer price index the CPI, the central bank should raise interest rates. A tighter interest rate stance by the central bank will “cool off” the demand for goods and services. This, in turn, is likely to weaken the growth rate of the consumer price index (CPI).

“Trump told a Hungarian crowd that Orbán had done “a fantastic job.” The president repeatedly urged Hungarians to back Orbán in his social posts.”

“Americans continue to reel from prices that soared during the pandemic, never came back to earth, and keep ticking higher.”

The automatic registration will apply to male US citizens and “every other male person” in the country between the ages of 18 and 26.