I am plenty sure there will be more frequent crash. A creditless system is extremely brutal to any company or even anyone's financial, economy swings and good business would get wiped.

There are good debts that can facilitate important investment that otherwise would be impossible under a creditless system

there are good government subsidies and good debt. No system is perfect but credit system is here to stay 100%.

Classical Gold standard for example caused import heavy countries to export so much gold that arguably not even sustainable.