Absolutely, in fact I've always advocated the loan system, especially in the last 10-12 years since a major percentage of FL clubs have struggled financially.
Indeed, he is as raw as it gets for a young player, in fact I nicknamed him 'Diet Ronaldo' for his multitude of skills and aggression. The lack of an end product was frustrating as a Coventry fan, but Liverpool fans should be quite keen to see how he fares in the PL - all it will take, for him to develop nicely, is a bit of one-to-one coaching to get his brain in 'teamwork' mode.
A year to 18 months, and this lad will be well on his way, I assure you. And I do admire Klopp's mentality of youth development, he has an almost 'old school' footballing outlook that encompasses the essence of what the game
should be.
Personally, I think Liverpool's renaissance depends on the quality of unearthed youth talent in their system, not throwing money at ludicrously expensive imports. It's all well and good having a talismanic forward to drive the team on, a la Suarez, but the passionate drive of young players will bring unity and coherence to the team. And the fans, naturally.
Oh and by the way, just to echo the sentiment stated earlier, if Klopp signs our Maddison and doesn't loan him back to us, I'll find him and shit in his letterbox.