At the 73rd session of the United Nations General Assembly, the President of the European Council of the European Union, Donald Tusk, recently gave an address on the EU’s participation in global efforts, and the future directions in which he believes it should move. In recent decades, Europe has been increasingly involved in numerous international missions, often focusing on immigration, environmental, and search-and-rescue endeavors.

According to this year Nobel Prize winner in economics, Paul Romer, the technical knowledge that spills over into the creation of new products is the key to sustained economic growth. Is it however true that technical knowledge is the heart of economic growth? If this would have been the case, why do economies in the developing world continue to experience poverty? After all individuals in these economies have access to the technical knowledge of the developed world.

Today marks the 50th anniversary of the passage of the Gun Control Act of 1968. The GCA is the main federal law that governs interstate commerce of firearms in the United States. Specifically, the GCA prohibits firearms commerce across state lines except between licensed manufactures, dealers, and importers.

Democratic socialists in America are trying to introduce their ideology as something new, when in fact, they are only retreading old-fashioned ideas that history has already disproven. They are ideas that have led to the economic devastation of every country in which they have been implemented.

Having seen the effects of this ideology on our home communities in Venezuela, we feel compelled to warn Americans that if they allow socialism to spread in the United States — as it has done in Venezuela — they will condemn their country to a future of misery.

Brian Doherty at Reason magazine has a new article that attempts to dispel certain myths surrounding “cultural Marxism,” a term used promiscuously and inaccurately in Mr. Doherty’s view. Fair enough, but the article sheds more heat than light on what is in fact a very illiberal and powerful phenomenon in western countries. Cultural Marxism and political correctness are not imaginary and cannot simply be dismissed as benign or organic.

The role of the entrepreneur is central to Austrian economics. Entrepreneurs are the coordinators of individual human action in the context of subjective knowledge and dispersed information.

The Wall Street Journal editorial board started its defense of Brazil’s conservative presidential candidate Jair Messias Bolsonaro by mentioning how global progressives were having “an anxiety attack” over his popularity.

On, Wednesday the DJIA took an 800 plus point beating. On Thursday, another 500 points were shed. At the same time, the mood of real estate buyers has darkened. Austrian Business Cycle Theory is proven right again.

President Trump is blaming the central bank, “No, I think the Fed is making a mistake. They’re so tight. I think Fed has gone crazy.” Just in case Chairman Powell was listening and cares, Trump repeated the “crazy” line over and over.