Do you understand that all paper money is generated by taking on debt? What I can agree on is that there are different qualities of creditors - yet, the money

Do you understand that all paper money is generated by taking on debt? What I can agree on is that there are different qualities of creditors - yet, the money they generate is traded equally. Corporations have largely stopped taking on more debt. Usually lowered interest rates have helped here to stimulate growth by lowering the interest rate below the expected profits. But today corporations like Microsoft, Google and Apple, for example do not take on more debt. Instead, they hoard money. Instead of stimulating growth by giving people more money e.g. through increasing the wages and forcing the companies to take on debt, we're doing it ass-backwards. The population goes into debt, student debt, credit card debt, consumption credit in addition to housing debt to prop up consumation. You are right. That method is not good and it stops working at some point. You are wrong though, in that debt as such is what brought us into this situation. It is the wrong kind of debt growth which is being stimulated. The government is already stepping in by taking on large sums of debt in order to keep the system running. How that will turn out is to be debated.