America's high bankruptcy rates suggest the recent economic boom is less than it appears. Changing bankruptcy law, which is what Republicans in Congress are threatening to do, won't help.
Amy BurkeDec 19, 2001
Inflation is under control and unemployment is at a 25-year low. Corporate profits and the Dow Jones Industrial Average have, at least until recently, been soaring. Despite the spreading "Asian Flu" and the stock market's recent queasiness, many economists and politicians believe the national economy remains in fundamentally good health. So why did more Americans than ever file for bankruptcy last year?
