P.S. the crisis is not just about bankers.... it is about certain parts of the global community that have borrowed to much and now can't repay what it owes
But isn't that the whole fundamental basis for all Western economies, without a boosted money supply, where there is more credit than money available to repay, there would be no economic expansion.
I'm not really sure what living in a near static economy would be like, I imagine it would involve lots and lots of poor people and very few relatively exceedingly rich people, with near zero socioeconomic mobility.
Recessions are an inseparable part of the process, the population doesn't understand this, governments are in denial and banks make hay whilst the sun shines...and when it doesn't.