Until 1925, when the liberal economist Alberto de Stefani, although a former member of the "squadristi", was removed from his post as Minister of Economics (1922–1925), Italy's coalition government was able to restart the economy and balanced the national budget. Stefani developed economic policies that were aligned with classical liberalism principles as inheritance, luxury and foreign capital taxes were abolished; and life insurance (1923) and the state communications monopolies were privatised and so on. During Italy's coalition government era, pro-business policies apparently did not contradict the State's financing of banks and industry. Political scientist Franklin Hugh Adler referred to this coalition period between Mussolini's appointment as prime minister on 31 October 1922 and his 1925 dictatorship as "Liberal-Fascism, a hybrid, unstable, and transitory regime type under which the formal juridical-institutional framework of the liberal regime was conserved", which still allowed pluralism, competitive elections, freedom of the press and the right of trade unions to strike. Liberal Party leaders and industrialists thought that they could neutralize Mussolini by making him the head of a coalition government, where as Luigi Albertini remarked that "he will be much more subject to influence".