Yes! His books are awesome and are must reads.
This is an absolutely fascinating talk by economist Michael Hudson. He explains that debt cancellation was always a central problem in economics: as far back as you go in history, there always periodically come times when debts have accumulated too much and "there's no automatic self-correcting economy", this is a myth.
He posits that the way the current western economic system is set up, with the holding of debt privatized and distributed, makes debt cancellation close to impossible, basically entrenching the problem and cementing the constitution of an oligarchy of creditors.
He opposes this to China, which "centralized money creation, debt creation, banking and credit as a public utility", which makes it much easier for them to cancel debts if and when they accumulate, and avoid the construction of that creditor oligarchy and the social problems it creates.