Don't bring back debtor's prison -- worthless idea. DO bring back the concept of indentured servitude for those who are so far gone (including Madoff, btw) that they believe any outrage, any irresponsible behaviour, any sleaziness of their choice can and SHOULD be excused, on whatever bogus grounds.
The sight of Madoff and/or Stanford (the other billionaire Ponzi fraudster) waiting tables side by side with 2 or 3 ACORN voted fraud artists, having being indentured by law, would cheer me beyond description.
I might even leave the bastards a tip. No guarantees.
I don’t know if you are joking, but indentured servitude was a very successful program for the US. Lots of skills gained and people were able to start fresh at the end of their terms. Made travel to the New World possible for the created rabble of Europe.
Debtor’s prison, on the other hand, never worked and could not. Only an aristocratic society could imagine it would.