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Economic growth must be the central issue because it is only through growth that the devastating threat of national bankruptcy can be averted. Furthermore, it is only by reviving American economic growth that the West's global predominance can be sustained, and peace and freedom kept secure around the world.

Economic libertarians and Christian evangelicals, united by their common enemy, are strange bedfellows in today's Republican party, just as the two Georges - the archconservative Wallace and the uberliberal McGovern - found themselves in the same Democratic Party in 1972.

Economic management involves the operation of economic frameworks in real time - for example, in the private sector, the management of complex financial institutions or, in the public sector, the day-to-day supervision of those institutions.