It is easier to understand once you understand monetary theory and how it applies.

Money = debt and vice-versa. Without debt, there would be no money. Money, or fiat, is just the representation of debt. CREDIT is how we screw ourselves.

The only way to balance it out is to infuse credit into the open market (continuously to keep the system from catching up with itself) because without it 99% of us would not have cars, houses, jobs, or things that the states do to run from point of spending to the income they receive from taxes. In fact, that is how money gets made every day, the promise on that note that says you will pay back the bank and that lets them conjure up the money out of nowhere although fractional (and reverse) ratio requirements are kept to make sure the system stays in check.

Sure, individual debt is bad and it sucks but if people stopped taking loans and we stopped using money your worth would be only what you had.