I am with you when it comes to markets and politics (“Voters versus Creditors,” November 19, 2011). As you say, politicians love to curse the markets, but there is an easy answer to their plight: stop borrowing from the markets. The tyranny of markets can be escaped by turning to official lenders, such as other countries or the International Monetary Fund. In fact, you argue, the markets are so easy to borrow from that many governments have become complacent, assuming that their credit is limitless. Now that the European Union is abuzz with vague talk about a fiscal union, the politicians will have even less to do than under the existing monetary union. Wedged between the two unions, politicians will be reduced to dealing with social issues. Such as smoking bans, you quip. That strikes me as a wonderful prospect, too. This is where democracy is likely to work much better than is the case when economic issues are concerned. The ignorant majority is too easy to manipulate by equally ignorant politicians.