“Spain’s economic approach was rooted in economic and political realism…When the rich get extra money, they tend to save it, which simply pushes up asset prices; when the poor get extra money, they spend it, which creates all sorts of real economic activity.”
rick
Gifty www.theatlantic.com/ideas/2026/0...
The country’s leaders avoided a populist backlash by engineering an economic boom. Now the boom is creating problems of its own.
