Let's Dispel Once and for All

I think this upbeat blog post pretty much vindicates my "don't worry too much" attitude about the Thiel issue.  It also, I think, nicely captures the actual effect of a chapter 11 petition, which is not nearly so dire as people seemed to assume when Gawker filed.  There's a reason they call them "the chapter laws," folks:  they differ a lot from chapter to chapter!

Incidentally, just to show how weird the world is, Thiel is the guy who proposed floating libertarian paradises, an idea I despise.