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As I watched this presentation it made me question the whole debt system. For example, the cycles of debt - borrowing money to make large purchases then having to pay it all back and then some seems fine until you look at the graph and realize all the difficulties of deliberating. It seems the system itself is quite inefficient. Having to endure cycles of upswing and downswing just seems inefficient to me. This makes me question why we still use the credit system so much. I wonder if there are benefits to deliberating and recessions that I do not realize. I wonder if there is a system that could lead to better economic growth without having to experience recessions. Even in the video it mentioned that increasing productivity only grow the economy and doesn't involve cycles of upswing and downswing. An example of this could be the housing market cycle. In the 1980s there was a huge housing bubble. Interests rates were in the double digits and people couldn't afford houses. Because of this the housing market slowed so everyone involved was making less money. Then in he early 90s interest rates dropped in order to allow the market to recover and correct itself and by extension more people were able to afford houses.