The Model For Our Early Bankruptcy Laws Was Deuteronomy, The Idea That, Under Certain Circumstances - In Deuteronomy, It Is Simply The Passage Of Seven Years' Time - People Are Released From Debt, Simply Because They Are Released From Debt. No More Debt. You Start Over Again. This Has Been A Very Powerful Model In This Country. It's Being Destroyed Now. People Talk About How Much New Employment, New Wealth, And So On Are Continuously Generated In This Country.

-Marilynne Robinson

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The Model For Our Early Bankruptcy Laws

Marilynne Robinson

The Model For Our Early Bankruptcy Laws Was Deuteronomy, The Idea That, Under Certain Circumstances - In Deuteronomy, It Is Simply The Passage Of Seven Years' Time - People Are Released From Debt, Simply Because They Are Released From Debt. No More Debt. You Start Over Again. This Has Been A Very Powerful Model In This Country. It's Being Destroyed Now. People Talk About How Much New Employment, New Wealth, And So On Are Continuously Generated In This Country.

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Powerful

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We [americans] Inherited British Law, Which Is Like The New "reforms" That Are Being Made Now, In The Sense That People Are Permanently Entrapped In Debt, If They Once Fall Into Bankruptcy. The Reason That The Law Was Changed In American History - The Whole Early Period Of The Formation Of The Country Was Moving Away From British Law Into A Law That Is Generated Here And That Conforms To The Sense Of What Is Appropriate Here.

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Fall