Interesting.

I mean, the whole system is managed by making sure people and businesses do NOT have to ever fully repay their debts. If they did - the whole thing blows up. So assuming the interest rates will stay and go higher - although it ought to reset all the bad debt - it would tank and blow up the economy. And the policy makers won't do this. They'll likely lower the rates so people can prop up the economy by taking a bit more debt and keeping the circus going.

Do markets actually try to rid themselves of bad debt? Maybe a more natural one... But this economic fiat system is so artificial.