There are some deep dynamics at work here and we ignore them at our own peril.

Society is that interaction between the centripetal and centrifugal factors. The anarchies of desire, versus the tyrannies of judgement.

When the liberals run amok, it is like a forest fire and any form of structure becomes one more obstacle to overcome. The letters never end and puberty is a fascist plot. The effect is a cultural Ebola virus.

When the conservatives run amok, it all spirals into that black hole in the middle and the priesthood rules.

Even galaxies are the energy radiating out, as the structure coalesces in.

We are among those dense little feedback loops somewhere in the middle.

As for debt, the federal debt started to grow with the New Deal, so not only was Roosevelt putting unemployed labor back to work, but unemployed capital, as well. The secret sauce of capitalism is public debt backing private wealth.

Which is an economic Ebola virus. When profit trumps quality and the wheels start falling of the trains and planes, it is all going to crash, no matter how low they drop interest rates.