Brexit Fears Weren’t Overblown — They Were Flat-Out Wrong

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Brexit was a massive win for those of us who oppose crony capitalism. It was a line in the sand, in the Channel, and Britain in the end decided to remain Britain and to tell the eurocrats to take a hike.

But the folks in Brussels and many EU apologists warned of dire consequences if Britons dared assert themselves. Basically these fear mongers have been completely wrong. Britain’s future if anything looks a bit brighter today than pre-Brexit.

Lesson here – the establishment wants desperately to consolidate power in the “capital cities.” It will say anything to keep the world moving in this direction. Free people should follow the lead of Britons and resist this effort at every turn.

(From IBD)

Yes, here in the U.S. the stock market sold off immediately after Brexit, just as the doom-and-gloomers predicted. But then something funny happened: The markets snapped smartly back, with the benchmark S&P 500 Index up almost 3% since the day of the vote.

As for Britain, the predicted disaster never occurred. As Britain’s Express wrote in a Wednesday headline: “Remainers were WRONG! Wages up and unemployment down as Brexit Britain booms”…

…Countries in the EU have lived with a demographic death spiral, out of control spending and debt, absurd regulations that enrich no one and a regional economy that, as hard as it may be to believe, grows even more slowly than ours. From 2008, the peak year of the financial crisis, through 2015, EU GDP grew 2%, according to U.S. government data. No, that’s not 2% a year — 2% total. It’s been an utter disaster, and the EU’s clueless bureaucrats seem helpless to do anything about it other than blaming their own citizens.

Click here for the article.