Even the Framers believed in bankruptcy. It’s not a get-out-of-jail-free card, you know. You lose -big time- under bankruptcy.
Do you understand math ? If you do, tell me how a fractional reserve banking system works over a number of years.
Hint: increase in money supply, is it sustainable ?
Ergo, once you understand, bankruptcy is a necessity.
I totally understand the banking system and that has nothing to do with people not paying their obligations in full.
I still believe that bankruptcy should never be allowed under any condition!
Nothing but food until your debt is paid.