Fair enough - though to me, the question is just how much of my governments efforts, resources, and monopoly on physical force I'd like to devote to getting a c

Fair enough - though to me, the question is just how much of my governments efforts, resources, and monopoly on physical force I'd like to devote to getting a creditor his or her money back. We can say to a debtor, maybe you shouldn't have taken that loan, sure. But can we say to a creditor, well, why did you make a large and completely unsecured loan to someone with dodgy credit at very high interest rates? Creditors need to be careful too. I do agree that this sort of thing is better handled with relatively lenient bankruptcy laws, and I do understand garnishment (through force of government) will have to be one of the functions of a court. So this is more about my general attitude, since I doubt we'd disagree much on the specifics here. I just don't have great innate sympathy to people who get upset about defaults when their business is making high interest unsecured loans to people with poor credit. They're welcome to do this, I just wouldn't want to see my government bend over backwards to help them.