As a Boomer I may be biased, but imo there is truth in both sides of this debate. Over my lifetime here in New Zealand debt has become normalised- I bought my first house with cash, no debt, and it cost one years wages for unskilled labour. I could go to university and the annual fees were about $100 - plus the government gave a living allowance enough to live on. Today houses are relatively more expensive and so is study. Student debt has become standard and normalised. I am staggered by how much debt young people must take on just to study or buy a home and how normalised huge debts have become. Call me an old socialist but allowing commercial banks to profit from housing speculation as neoliberalism did has caused a huge shift away from them funding productive investments and toward funding the housing bubble. And government making education into a debt funded commodity, rather than seeing it as an investment in building a skilled workforce... Market forces do not always produce the best results. Today the banks have too much power and profit too much from asset price speculation rather than being required to only issue fiat debt capital toward productive purposes.