Since I really don't know his opinions on the matter, I was wondering if he
chose any of those answers. He can answer none of the above if he wants.
At 02:45 PM 3/15/01 -0800, you wrote:
>I think that you are being unfair to David, except for the initial
>question about the point of bankruptcy.
>
>On Thu, Mar 15, 2001 at 02:16:49PM -0800, Jim Devine wrote:
> > I see that the US bankruptcy laws are being tightened, just in time to add
> > more force to a debt-deflation, it seems.
> >
> > I wanted to ask David Shemano, our resident libertarian and bankruptcy
> > lawyer, what the point of bankruptcy protection was from a libertarian
> > perspective. It seems a blatant interference with the free market that
> only
> > makes sense from some paternalistic perspective. How is sheltering
> debtors
> > from their creditors superior to, say, debtors' prison (especially if the
> > latter is a faith-based initiative)? why should the state be helping
> > creditors recover some of their loans? shouldn't they learn to be more
> > careful in choosing who to lend to?
> >
> > Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
> >
>
>--
>Michael Perelman
>Economics Department
>California State University
>Chico, CA 95929
>
>Tel. 530-898-5321
>E-Mail [EMAIL PROTECTED]
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
