Though not everyone who takes thalidomide experiences this side-effect, there is no way to predict who will escape it and who will not.

ECONOMIST: Thalidomide: On probation | The

Yet when there is no way to pay off debts because they are overwhelming, inflation is the only course of escape bar default.

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But a new study by two law professors offers an additional, surprising explanation: A change in the way the bankruptcy courts report statistics may have led analysts to mistakenly believe that bankruptcy was no longer a key escape hatch for entrepreneurs, conclude Elizabeth Warren of Harvard University and Robert Lawless of the University of Nevada.

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