In an article published in 2001, Jude Wanniski, the author of The Way the World Works, noted that since 1896, only Republican presidential candidates running on “pro-growth” platforms have won. Republicans advocating “austerity” have invariably lost. With the defeat of Mitt Romney, the election of 2012 continued this pattern, with one addition. Republican presidential candidates offering clueless confusion also lose. Democracies tend to evolve two political parties, a party of economic growth and a party of income redistribution. If a credible plan for economic growth is offered, the people will vote for it, provided that it does not involve crushing...