This man has the same attitude as young people who take payday loans, then never pay them back. If the person taking a debt doesn't pay it, others will have to pay that debt for them in one way or another. The extreme case being the devaluation of the currency or the economy as a whole. Money isn't free, if it were we could just print more all the time and solve problems that way. That this man's stance is somehow intellectual or philosophical compared to youths taking payday loans is class-ism.
Your views on what money is, how it is created and how loans work are outdated by a at least several decades. Nobody is paying for the loans you default on and 97% of all money is created when commercial banks grant loans. A 2015 study offered solid evidence that individual banks indeed create money "out of thin air". I have linked that study several times, this thread included. Money and loans are not what you think they are.
Fair enough, but I still don't understand why the fact that the money 'created' by the loan relationship (as the BoE put it) isn't erased by the payment and end of the loan relationship isn't relevant. That is, there's new money in circulation, and nothing happens to take it back out? Isn't that inflation in action?