There are also downsides to it. One of the benefits of debt is to have more liquidity. If nobody owed anybody anything, but at the same time it was very difficult to trade with anybody, you would have a very inflexible situation that might not really be preferable.
Like if I'm sitting with goods you want, and you sit with goods I want, but we have no way to swap them, then we are both worse off.
The gold standard is not perfect but it's definitely better than what we have now.
My ideal pick would be using the price of a basket of common commodities (wood, iron, wheat); pay the bank for storing your goods and don't let state actors & friends steal your money with inflation.
I don't think BTC is the solution (it's unbacked) but wtfhappenedin1971.com has some good reading material.
Is this intentionally facetious? There is NO reason to go into debt? Should we just return to the gold standard then?