To stabilise the economy, government faces the dilemma of arbitrarily choosing between primary and secondary policy targets from the multitude of equally urgent challenges confronting it. TRADITIONAL economics, though vital, often forgets that in the final analysis, practical economics is based on a few simple basics. The basic of these basics is that economic performance is not driven by financial resources and machines, but by people. This basic is so foundational that army generals know that any strategy that does not stress the human factor and depending on physical war assets but failing to address the human factor ― those people who will strategise, plan and prosecute the war ― is suicidal. Yet in any economic…