This entire discussion is based on a premise that is no longer true. Once upon a time, wealth was created solely by the performance of labor, the users of the means of production, by people, under the control of capital, the owners of the means of production. But now, wealth is mostly created by capital, either by manipulating the rules of society and of the economy, which is what banks and other financial institutions do, or by the performance of labor by automation. The relationship between the human laborer and the creation of wealth no longer matches the economic model in which people can pay for their living expenses solely through the wages paid to them for that labor.
The solutions that are being offered by governments in the thrall of capital are inappropriate to the reality in which people now live. Wealth derived without the participation of labor is being hoarded by capital. This is the core of the problem. Until and unless that wealth is used to enable people to purchase the products created without their participation, this situation cannot be resolved.
Capital has used the for-profit banking system to control governments and people to their own benefit. Debt money loaded to nations at compounded interest can never pay that debt, because the value of the interest demanded was never introduced into the economy. It's a broken system. Technical people who understand logic ought to be able to work through the math of this, and the network of interactions, to satisfy themselves that this is so. We should also be able to design a better system, rather than argue over how to kludge a fix that can only hide the real problem for a short time.