The most dangerous words in monetary policy and economics are “this time is different.” Argentine politicians’ big mistake is to believe that inflation is multicausal and that everything is solved with increasing doses of interventionism. The consumer price index in Argentina experienced a year-on-year rise of 58 percent in April …

Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. The price of the most popular cryptocurrency had plunged as much as 9.7% to less than $18,600 by late afternoon on …

The Islamic State group claimed responsibility for an attack on a Sikh temple in Afghanistan’s capital of Kabul that killed at least one worshipper and wounded seven others. IS made the claim in a statement posted on its Amaq website late Saturday. It said the assault on “the Sikh and …