Quote:
Originally Posted by Ricky D'Angelo
|
Some people may not realize how timely this is.
Yesterday, the people of Great Britain, by a narrow margin, voted to exit the European Union (you will hear this referred to as "Brexit"). Prime minister David Cameron, a supporter of G.B. being in the EU, promptly resigned.
It's been all over the news, etc. Financial markets have been in a roil since. There have been dire warnings of the people of Great Britain (except for perhaps Scottish ones, who are discussing staying in EU) experiencing bad economic times as a result. Free trade advocates are alarmed.
All of that prompts the question of whether or not the European Union is a good thing for member countries. With the euro being the common currency, that factors greatly into the discussion, too.
I don't know what position the Mises Institute would take. I do know that they are very conservative regarding fiscal matters, maybe even to the point of being libertarian. Many people in the U.S. who would identify themselves as being likeminded would be against free trade; the EU was formed in part to facilitate free trade.
I didn't do any (additional) research, fact-checking, etc. on the subjects, touched on above, before making this post, so there may be some minor inaccuracies in what I wrote. But, if so, it is at least
close to being accurate.