I agree with your statements but a person selects debt as an instrument to make their life easier. Money, the institution that buys comfort is an illusion. It does not exist. You can walk away from debt. Throw the keys to the house and car at the bank and walk out a free man. You will be cut off debt for two years. Then, they feel they have taught you a lesson and give you a credit card and within 5 you could be right where you started from. The entire monetary system is a complete ponzi scheme. There are those that would say this is theft. According to their own system it is not. Corporations do this all the time. The government says create a trillion and bamm. They type in a 1 and 9 zeros and they gavr a trillion. To justify it they use GDP. A supposed set of numbers set up by government to lend themselves money. So use it now. It ain't gonna be around much longer.