But it is deeply fallacious. Of course, not all the laws of economics are unanimously agreed. But some are well established. If, for example, a country prints too much money, it will cause inflation, as the Russians will probably soon find out, and free markets are the most efficient mechanisms yet discovered for allocating economic resources.
Every nation has a choice.
For social, political or cultural reasons you can opt for a less efficient economy. But there is a cost. France, for instance, likes to spend great gobs of public money on the world's fastest trains and a lavish social welfare system, but it has to pay the price of high unemployment. Thus, Oskar Lafontaine, the new German finance minister, wants to cut unemployment through economic growth instead of through urgently needed changes in the structure of the German economy that would be unpopular with his political base. Relying solely on growth means unemployment will come roaring back as soon as growth falters.