[Skybird]

BTW, I disagree with the quote'S prediction as you give it. Where it says

"with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."

I would say differently:

"with the result freedom and wealth get eroded because of the loose fiscal policy ensuing, always be followed by growing sanctions by the government against the citizens, enforcing growing expropriation, devaluation of currency, growing totalitarianism to keep in control, and a socialist basic order and mass impoverishment as the final result."