August 31, 2005
Don't wait to go bankrupt!

Remember the bankruptcy reform bill that Congress recently passed? I drove by a bankruptcy-and-divorce lawyer's office this morning that had a prominent sign out front: "Hurry! Bankruptcy law changing soon!"

Posted by Lawrence H. White at 02:05 PM in Economics  ·  TrackBack (0)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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