-If that debt was dischargeable, they would certainly take education more seriously to guarantee those loans were paid back.
Great example of an incentive that had a perverse outcome.
Discussion
I definitely agree.
But I'm also not well versed on what bankruptcy looks like in an anarchist/libertarian community or if it would even exist since declaring bankruptcy is basically a state institution?
Being able to discharge debt is a very debatable topic. On the extreme end if the spectrum you get things like debtors prison. I think I like a credit rating system, just not the current one.
You don’t pay, you dint get more credit until you pay it back. Simple