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Keywords:

  • Bankruptcy;
  • economic freedom;
  • 1978 bankruptcy reform;
  • voluntary bankruptcy;
  • involuntary bankruptcy

Over the past 30 years, the USA has enhanced economic freedom in a paradigmatic way. This was accomplished through its unique 1978 bankruptcy law legislation, which itself had been necessitated by the previous over-use of the credit card. Curiously, this expansion of economic freedom is reminiscent of some nineteenth-century calls for social justice.