Another big difference

Reader comment on: America and Spain

Submitted by ben (United States), Nov 29, 2010 20:44

They speak Spanish and generally Americans speak English. But what does this have to do with Krugman's point? Why does a public poll of a country's professed desire to redistribute wealth have any impact on Krugman's argument that have greater freedom of monetary policy makes it easier for the US to combat the downturn?

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The Future of Capitalism replies:

He wrote that it is "the one big advantage." Speaking English is probably an advantage, too — more people speak it than Spanish. But so is not having a populace with socialist inclinations. My point is simply that monetary policy isn't the only game in town.

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