If you were stuck on an island with 10 other people, you couldn’t generate any real wealth and prosperity without taking real action. You and the others around you would have to use your minds to figure out how to transform the resources on the island into tools you could use to survive and eventually thrive. In short, you would have to become more and more productive if you wanted to first maintain a baseline standard of living, and then increase it. Of course, things are no different in the broader world, it is simply at a much larger scale. Without productive human action, our standard of living wouldn’t be possible. Debt can only be created because of pre-existing wealth, wealth that is – at some level – generated by productive action. (For those who dismiss investment income as ‘fake’, consider that investing means directing money towards productive activities).