GENERATED ALWAYS AS IDENTITY implies NOT NULL, but the code failed
to complain if you overrode that with "GENERATED ALWAYS AS IDENTITY
NULL".  One might think the old behavior was a feature, but it was
inconsistent because the outcome varied depending on the order of
the clauses, so it seems to have been just an oversight.

Per bug #16913 from Pavel Boev.  Back-patch to v10 where identity
columns were introduced.

Vik Fearing (minor tweaks by me)

Discussion: https://postgr.es/m/16913-3b5198410f67d8c6@postgresql.org