Great writing, but I disagree with the concepts of money and deficits.

The US is the source of our currency and the deficit is investments into the economy. Nations with a sovereign currency and central bank can purchase any resource available because they are the creditors and debtors.

The EU doesn't have this privilege, but the US, UK, Aus, Can, and countries that aren't bogged down with foreign debt do. These countries aren't businesses or households relying on profits and loans - they are the source of them, and no one sends a loan shark after themself.

The quantitative theory of money suggests the supply of money drives inflation, but the math never added up. However, when there aren't enough resources available and there's too much money floating around this is a supply issue, causing inflation, and the US isn't anywhere close to maxing out purchases (healthcare, infrastructure, housing, etc. could devour that moula in a heartbeat).

The US isn't printing billions to fund Ukraine; it "marks up the size of the account" (stated by Ben Bernanke) or reduces the amount digitally. Hence, the never-ending bucket of money for wars. Every Fed Chair for decades has stated this, but politicians use the deficit to excuse themselves from funding public goods while privatizing everything.

Check out cost-push and demand-pull inflation, and the US has been a deficit all but 13 years of existence. Money is arbitrary, simply measuring the value of items, and raising the exchange rate increases the price of US exports and inflation overseas.