Monetary austerity is not the answer. Monetary abundance that simultneously implements beneficial deflation via a 50% Discount/Rebate policy at retail sale and at the retail point of Finance, that is your loan payment, is the answer.

The current FED charter re-inforces the monopoly paradigm of Finance AKA Debt ONLY and hence that charter is the problem. Enabling The FED to fund the above and other aligned policies resolves the problematic effects of the current monopoly.