STAFF NEWS & ANALYSIS
Anti-Brexit Shocker: Economists and Faith Leaders Plot Britain’s Downfall
By Daily Bell Staff – May 30, 2016
Economists overwhelmingly reject Brexit in boost for Cameron … Poll shows 88% of 600 experts fear long-term fall in GDP if UK leaves single market, and 82% are alarmed over impact on household income. -Guardian
Once again, economists remind us that that their profession is at least a questionable one.
Presumably healthy economies are based in private competition not public regulation. Economic progress is made via individual human action.
One person has a product or service and competes against another. And one company against another.
There is room for more than one product or service as consumers have different priorities.
And thus an “economy” is built.
But for some reason, British economists seem to believe that the authoritarian mess that is the European Union is necessary for prosperity.