Listen to any market commentator that is critical of the Federal Reserve, and you will, in time, become aware of the commentator’s belief that all of society’s problems- inequality, rioting in the streets, political discord, etc. are all problems stemming from failed monetary policy.
Market commentators are conflating cause and effect. QE is not the cause of societal breakdown. Rather, QE and the breakdown of our money are the effects of societal breakdown. This breakdown of societal bonds is what always happens in secular society. Always, every time. Same thing happened after the French Revolution when the new zeitgeist of secular society permitted the population to consent to Napoleon’s conquest- and the destruction that ensued across Europe.
The reason a secular society is destined to breakdown lies in the faults inherent in misguided leadership. Misguided leadership due to secularism results from errors of mental models for interpreting reality through a secular world view. Secularism, as a belief system, necessarily requires adherents to build the social structures that form a civilization (governments, laws, economies, cultures, businesses, etc.) in accordance with a subjective morality- the social structures are for the good of the people, but “good” is a subjective ideal. As an extreme example of how this subjectivity can go awry, one can look to the society built by Hitler. He could not have accomplished the scale of destruction he did unless the population did not think, to some extent, he was working for the good of the society.
Men that refuse to acknowledge a Creator, and thus, a morality defined by the Creator— an objective morality— are bound to compounding errors in judgement; for they do not possess and accurate understanding of the base reality in which we are all occupied. The foundations of their thinking are faulty. Higher order thinking therefore, cannot be stable with an unstable foundation. So men who rise to leadership positions in a secular society will naturally possess qualities and thoughts a secular society finds beneficial. Because these qualities of leaders are not formed in accordance with an objective morality, the decisions they make and the social systems built as a result of their decisions will lack the necessary feature of integrity that is for the objective good of the people. As a result of this lack, society as a whole will suffer.
We see the results of failed leadership now- a failed monetary system being perhaps the most prominent. We can see also other stresses that will eventually lead to outright failure in other social systems- our democratic system, healthcare system, education system etc.
The solution for fixing failed social systems will elude us as long as our leaders are lacking the knowledge of our base reality— that there is a Creator and an objective morality.