The Most Important Election of our Lifetime™ may be a referendum on Trump, Kavanaugh, #metoo, migrant caravans, or any number of manufactured outrages since the 2016 presidential election. It will not be a referendum on foreign policy, the Federal Reserve, debt, spending entitlements, spying, civil liberties, or anything important with regard to state power.
By any objective measure, the ideological and policy disagreements between the national Democrat and Republican parties are not significant. Both accept the central tenets of domestic and foreign interventionism, both accept the federal government as the chief organizing principle for American society, and both view politics simply as a fight for control of state apparatus.
Similarly, differences between policies actually enacted by Mr. Trump and the existing Congress and those likely to have been enacted by Mrs. Clinton and the same Congress are fairly small. While Mr. Trump alarms the Left with his tone and tenor, his actual views on taxes, spending, debt, trade, guns, immigration (the "Muslim ban" was neither) and war (unfortunately his good campaign rhetoric is largely abandoned) plainly comport with the general thrust of Clinton's neo-liberalism.
Today's ugly midterm elections are about style rather than substance, party rather than principle, and power rather than ideas. Americans do not much argue about whether we are governed by DC, and only slightly over how we are governed by DC. But we argue viciously about who governs us from DC.
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https://mises.org/wire/what-midterms-mean
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