I agree.

Bankers have rewritten the moral code to define the man who cannot repay a debt as the degenerate. Now we define a man’s morality by his willingness to repay debts at the expense of his security and that of his family’s.

It should be that he who levies an unjust debt over another man is he who should be punished. Defaulting on unjust debts is natural and necessary to keep the banks in check.