In the broadest sense, no. Given that debt (aka. leverage) is the fuel that makes industrial-scale capitalism possible, we are in big trouble if defaulting on

In the broadest sense, no. Given that debt (aka. leverage) is the fuel that makes industrial-scale capitalism possible, we are in big trouble if defaulting on debt is somehow morally deficient. Defaulting on debt is built-in to the system. Without that possibility, there would be no risk, there could be no interest, and we might as well be trading in actual commodities. This includes credit card, car, and home debts. I think there might be a moral dimension to debts to family and friends, but that's more closely related to telling the truth than debt in the sense of this story.