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October 8, 2022
Mises Institute

By Mark Thornton

The Fed's Real Mandate

The standard line is that the Federal Reserve System has two mandates, keep unemployment low and create price stability. Mark Thornton notes that the real agenda is found elsewhere.

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By Gary Galles

A Cliché of Socialism: Under Public Ownership, We the People Own it!

Proponents of socialism claim that it promotes ownership "by the people." Yet, the people that actually control resources and production are not the same people who allegedly are the "rightful owners" in society. Leonard Read understood that.

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By David Gordon

Mises and Imaginary Constructions

While Austrian Economists criticize the neoclassicals for their use of untrue assumptions in creating their models, critics have turned the same criticism against the Austrians for their use of the Evenly Rotating Economy (ERE). David Gordon addresses that issue.

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