No, you're not missing anything. The point is just that it's not a vice of mathematically assured doom because of the fact that money is debt. Banking can be a

No, you're not missing anything. The point is just that it's not a vice of mathematically assured doom because of the fact that money is debt. Banking can be a really good business and bankers have been really good at lobbying, but that is not what the Money as Debt scare is about. In the end, debt is a type of relation between people. And banking is a business with its own costs and risks.