Way out in the country we were behind the times and that kind of punishment was still an option while I was part way through school.
Though today I don't think I would allow it, the rules are left too much to interpretation and there is no more clear cut right and wrong so I'd be afriad my kids might get the punishment for something that I didn't think was wrong. Have that issue with my MIL, she will punish for things that annpy her rather than things that are wrong and now gets mad that we won't leave our kids in her care.