Thank you for such an incisive analysis.

More prosaically, debt requires income for it to be serviced, so growing debt can only be sustained if income is also growing. In this economic system, however, income cannot be increased without increasing debt. As demonstrated, we are learning that debt grows faster than income can. ‘Throwing money at the problem’ also increases debt, as all money creation involves debt creation — except for QE, in which money is created to purchase existing debt in the form of securities.

For what it’s worth, I have developed an alternative monetary paradigm that would supply the economy with money (as currency) without involving debt in the process. It can be thought of as a permanent QE for people with built-in mechanisms to prevent inflation: “For Crying Out Loud, ACCEPT That A SOLUTION Actually EXISTS” (a “2 min read” — including options for further reading — here in Medium). The same process could also be used to fund government — at all levels — replacing taxation/public debt for that purpose. [If it matters, I do have an M.A. in economics.]