good note @Verily1 but it’s not the reality that matters fact is...

good note @Verily1 but it’s not the reality that matters

fact is gfc created a slow or fast destruction option

once US chose slow it set a template of shifting massive debt to sovereigns that took US and ECB above the key 90% threshold

once that happens economies slow inexorably

it becomes political reality that any crisis spending then adds to debt and the only solution is to inflate it away

that’s why supposed right wings like US republicans printed more money and debt in 2017-20 than any other government ever has to this point

thsts what hard wires it. Nothing to do with leftward cultural shifts

its about debt to gdp and political institutional survival instincts that are universal regardless of political preference