ABSTRACT
What distinguishes a democrat who favours monetary union from someone who favours it but is not a democrat? They may both vote in a democratic poll for it, since both want it enacted. But the democrat wants monetary union only if it is democratically enacted. Her order of preference is
She prefers 1 to 2, and both of these to 3 and 4. Her democratic credentials are shown by her preference for 1 and 2 over 3 and 4, and her support for monetary union by her preference for 1 over 2 and 3 over 4. There is no inconsistency here.
