Rules and Sanctions: Boundary between Freedom and Despotism

Total government spending in the American Colonies took away just 1% to 2% of GDP. In the USA through 1913, apart from during major wars, spending took away just 3% to 8% of GNP. Now, spending takes away 43% of GDP.

National-government regulations alone now take away another 8% of GDP.

The quantity of money was inflated by congressmen and presidents using their new Fed throughout the 1920s, causing the 1929–1945 Great Depression. Double that money inflation caused the 1970s Great Inflation, and ...