Hello and welcome to the Intelligence from the Economist. I'm your host, Jason Palmer.

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

If you're the autocratic leader of a middling sized country, the world has changed a lot

as America has disengaged from the world stage. Desperts can collude a little better,

a day in power longer and even simply snub the now absent world policeman.

And a lot of languages simply don't have a word for blue or have just one word for both

blue and green. Call it, grew. Some clever research has now looked into how the natural

world seems to have shaped these grew languages.

Just up though. Across big economies, prices are rising.

By the inflation, the debt side may be a 5% of all.

From Britain to Germany, Canada to Australia, inflation is reaching levels not seen in decades,

but it's particularly bad in the world's largest economy, America's. The personal consumption

expenditures of price index that officials will publish today will only put numbers to

what American consumers already know. Prices are up sharply. The index is expected to

have increased by 4% over the past year. It's highest level in three decades.

In one quick fix announced yesterday, President Joe Biden said America would release oil

for international reserve. China, Japan, India, South Korea and Britain all followed suit.

But is this problem made by America or is America just suffering a bad case of what other

countries have got?

Kevin Rebinovich is the economist's economic senator and is based in Washington.

I think up until now, the conversation has largely centered on the global dimensions

of it. Virtually every country in the world, especially in the advanced world right now,

...