The Bad and Good about the Brexit
Britain recently voted to leave the EU. That's probably going to have a lot of long term consequences and I'm mostly writing this to try to work through what I think they might be, good as well as bad. In the short term there's probably going to be a fair amount of bad. Germany and France are Britain's #1 and #3 trading partners and there's likely to be some disruption there. Now that Britain has said it wants to leave it can negotiate a divorce from the EU there's some question about exactly what Britain's terms of trade are going to end up looking like. The leave campaign promised that Britain would be able to trade with Europe the same way it always had but now without cumbersome EU rules. I don't think it'll work that way. The first reason for that is that managing trade is a big part of the complex EU rules Britain had to deal with. If I sell you a ton of "Grade A Beef" it's important that we both have the same understan...