Correct. We became addicted to debt as a stimulant for the economy rather than riding out real recessions that work to realign capital towards actual productive

Correct. We became addicted to debt as a stimulant for the economy rather than riding out real recessions that work to realign capital towards actual productive use cases (painful but restorative). And now we've hit the limits of the growth that can be squeezed from juicing the national debt. This ends in hyperinflation at worst and permanent stagflation at best.