Quoth the Raven
· QTR’s Fringe Finance
· July 04, 2026 at 11:33
· ⏱ 15 min read
| Read on Substack ↗
Summary
The article argues that America has abandoned its founding principles of liberty and private property, with government spending ($6.4T, 36% of GDP), regulatory overreach (178,277 CFR pages), and Federal Reserve money printing destroying economic freedom. It calls for a return to classical liberal ideals but offers no market-relevant analysis or actionable trade ideas.
•Total government spending was $6.4 trillion, over 36% of GDP.
•Federal budget deficit last fiscal year was $438 billion.
•Gross federal debt expected to exceed $19 trillion by year-end, 106% of GDP.
•Money supply increased $880 billion (8%) over the past year via Fed monetary inflation.
•2013 Code of Federal Regulations had 178,277 pages regulating everything from battery chargers to corn dogs.
•38% of workers in 2008 needed a government license or certification to do their job, versus 5% in the 1950s.
•Author quotes Francis Wayland and Ludwig von Mises on private property as the foundation of civilization.
•Criticizes Elizabeth Warren's 11 tenets of progressivism as a call for more government intervention and destruction of private property.