The fifth element was equality, but under the law. Equity and equality are very tricky words, often used by socialists. They appear to mean a lot of good things. But, in effect, socialist policies equalize people below the poverty line. These five principles led to five major reforms.
Inflation is the worst enemy of the poor and of the country.
To lay a foundation for growth, we needed to get our act together with regard to inflation, and that required fiscal and monetary discipline. But we had to put these macroeconomic reforms in place, and we couldn't just stop there. We were definitely in the Guinness Book of World Records . This was almost an impossible task. In country after country, we spoke about what we were doing, but nobody would believe us.