Without debt we wouldn't have commerce and assets like houses to live in under a fiat monetary system. Debt is money it's double entry accounting.
So I'm guessing you haven't participated in any wealth creation and are just a spectator? you do realise you missed out on one of the biggest wealth creation booms in history over the last 20 years.
Also the fed can set any interest rate it likes, and if it wants a 0.25% funds rate it will get it. And hey if people want to create wealth they will participate in the game. You need to start playing instead of waiting for a monetary system that you desire.
