it was indeed, pure demagogyQuote:
Originally Posted by Tom Sawyer
that said, banking reforms were necessary, growth was anemic in those days because of the destruction effect of inflation, so a change at the Federal Reserve and a new economic approach was necessary. Of course, this brought the perfect conditions for "economic religions" of all sorts to be tested, and here we are now. It did work quite well in retrospect if it wasn't for the abuse of the system. Her decisions were purely political ones, not economic.
Selling government assets was a pure scam, and a few European countries followed the same route. I am sure a few government officials are feeling sorry for it now.