A bird’s-eye view of the Eurozone economies a decade after the financial crisis invites three conclusions: Governments that made unpopular free-market reforms are already reaping the fruits; families and businesses are acting more sensibly than their governments; last but not least, people have behaved much differently than the European Central Bank (ECB) intended. The…
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On June 23, 2016, the British people voted to leave the European Union. Prime Minister Theresa May’s Lancaster House speech on January 17, 2017 then made it clear that the United Kingdom would opt for a hard Brexit: It would leave not just the EU, but also the European Economic Area, membership of which…
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[See Part 1 Here and Part 2 Here] A lot has happened since my last posting on the June 23rd Brexit vote. A new government in the UK, the petition for a new referendum vote has been exposed as a scam, most markets have stabilized as anticipated and the Labour Party civil war over…
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