The problem, the reason why we don't have a free market economy, is that the saver gets to decide how much debt there is.
The saver gets to decide whether to lend out his money, to spend it or to simply keep it forever. The money is no longer circulating within the economy, which means someone, usually the government, is forced to borrow the money back into the economy at an interest rate that is simply not sustainable.
The saver gets to decide whether to lend out his money, to spend it or to simply keep it forever. The money is no longer circulating within the economy, which means someone, usually the government, is forced to borrow the money back into the economy at an interest rate that is simply not sustainable.