radically downsize the state and privatize its assets, which meant that the looters were really just giving him a jump-start. “I thought the privatization that occurs sort of naturally when somebody took over their state vehicle, or began to drive a truck that the state used to own, was just fine,” he said. A veteran bureaucrat of the Reagan administration and a firm believer in Chicago School economics, McPherson termed the pillage a form of public sector “shrinkage.”bd30
