> the same people would eventually be back to the same levels of debt Well there's always the option of periodic debt cancellation. Such ideas are not untested

> the same people would eventually be back to the same levels of debt Well there's always the option of periodic debt cancellation. Such ideas are not untested: https://en.wikipedia.org/wiki/History_of_debt_relief https://en.wikipedia.org/wiki/History_of_debt_relief