[quote=barnaby33]
I’ve heard a lot of dumb shit on piggington, but this one is a real gem. So you advocate bringing back debtors prison? Enforcing debt limits isn’t that easy, by fiat anyway. If it were we wouldn’t have the issues we are having. The real problem is that the govt is trying to absolve the debtors of their obligations, without even going into bankruptcy liquidation.
[/quote]

I’m all for debtors prison. Put the flippers to work on chain gangs. Would do them some good.

Enforcing debt limits will be trivial once we are done socializing the banking system. Secure loans to salaries. No more 500k loans on 50k a year income.