A house divided cannot stand. After Joshua and the judges it took about forty years for the people to fall away and follow the idols of the land. With the New Deal we became a divided nation with a built in ratchet to keep the Socialists dogma moving. Always, under a Democrat they gained ground and under a Republican they marked time. The bureaucratic ratchet kept us from moving back. Our Constitution was like our immigration law, gathering dust on the shelf. There is no such thing as debt financing for the simple reason that debt has nothing to contribute. The financing comes from capital which we can borrow but a vacuum contributes nothing. After WW II we began to merge our larger businesses who could then buy out smaller businesses. Much of this was done either is pursuit of capital or as a hedge against regulation. In any case it was government induced. As the years passed our government took more and more of our capital in taxes and passed more and more rules that has concentrated our meat packing industry, our oil industry, crippled our auto industry and is now causing more and greater gaps on our retail shelves. It is not market forces that are doing this but Social engineering. Capital financing gives too much independence while the borrower is servant of the lender and when the government is the lender….. ?? If you can follow my reasoning I think I have said enough for you to build on. We are a house divided and it is time to decide which side of the house we should support.
