Submitted by CARPE DIEM

NEW YORK (Fortune) — Economic conservatives should take heart. John McCain’s chief economic advisor - and perhaps his closest political friend - is the ultimate pure play in free market faith, former Texas Senator Phil Gramm (Ph.D Economics, University of Georgia, 1967).

If McCain follows Gramm’s counsel, and most of his current positions are vintage Gramm indeed, his policies as president would represent not just a sharp departure from the Bush years, but an assault on government growth that Republicans have boasted about, but failed to achieve, for decades.

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