Money As Debt

A few months ago, r/documentaries led me to Money As Debt, a documentary the models the world financial system on an atom of money creation through debt. Part 2 was posted yesterday.

The original video focused concluded with a proposal of money creation based on government spending balanced by government taxes to prevent inflation of currency. This second video seems to support Bitcoin (in everything but name).

The premise is presented convincingly and clearly, and seems to be a worthwhile perspective for the aid of understanding modern economics (even if shallowly). That said, I’m not an economist, and am easily drawn in by convincing arguments that wrap everything up for me neatly.

Is this as veracious as I perceive it to be? Assuming it is, how can we adjust our behavior, as individuals, to improve the situation?