| Gee, I don't know about corrupt brokers, but generally, the '80s improved economic efficiency, by eliminating moribund enterprises, or absorbing their productive elements into more vital enterprises. Further, some things decried early in the decade, like "junk bonds", were widely recognized as important inventions to capitalize high- risk ventures that thrived in the '90s. A lot of deregulation was worthwhile, for example, in telecommunications, which was a leading industry in the '90s. In general, Reagan made the markets more rational...... |
