When our annual government deficit was merely $400 billion, there was enough capital in the world financial markets to absorb it. When the deficits skyrocketed to $1.5 trillion, it exceeded the wrold’s financial capacity to absorb it. So the government invented QE; selling it’s debt to banks, and then buying it back with money printed by the Fed. Just like how the Germans financed Ww1. We all know how that turned out around 1923.
Shades of the Weimar Republic. Which was first and foremost the casualty of cultural decline translating into the conduct of public finance. Hyperinflation and public chaos was the result. And then, of course, the "Strong Man" had to be introduced, to "restore the public order."
And as they say, the rest is history.
Thus nowadays it is widely conceded that "culture precedes politics."
But then you have the "progressives" [who tend to be atheist and Leftist all at once, go figure] who see matters in a different way: They hold that politics is prior to, and thus is the entity that shapes culture.
Then, and only then, can you get your own house-brand of politics to work out right....
Sigh. Second realities at work here....
Thank you henkster for writing!