More debt will make everybody working harder no debt makes society more lazy.
Disapprove of this, as it's nothing so true, imo. To be debt free you would have worked extremely hard to attain a debt free life in today's society's where life is biting real hard. And it takes a continual hardworking to maintain a debt free lifestyle or economy. It's just that only a little percent of individuals or countries that are enjoying a debt free economy, however, I so doubt if there's any country of the world that is without any form of debt since the world is now a global village.