I'd normally agree but I think I just have more faith in Keysnian economics. You basically pay for today with the future. If you no longer can afford the future

I'd normally agree but I think I just have more faith in Keysnian economics. You basically pay for today with the future. If you no longer can afford the future, you still have the infrastructure or asset that exists. Normally it isn't a 0 valued item (unless we're talking bankrupt securities, worthless commodities, or education) so even in an economic crisis, there is something tangible that came be used as collateral.