Let's set aside the politically tempting task of speculating about what might happen in the event of a No Deal Brexit, what can we say with certainty will happen?
"The biggest problem, not only economically but also politically, is the debt problem. It is unimaginable, how this madness of creating more and more debt and just pushing the economy by inflating the money supply will end."
Brexit is an opportunity to reset economic, monetary, and trade policies. The implications of getting rid of the EU millstone go far beyond the leaving date of 31 October.
For Ludwig von Mises, international bureaucracies like the WTO devoted to enforcing "free trade" are not progress. They're simply another type of government planning.
Anti-poverty programs pushed by social democrats have enabled ever higher levels of corruption as bigger government programs mean the ultra-rich can skim more off the top.
While much of the media remains focused on Trump and trade, the greatest threat to the Chinese economy may be reckoning with a massive financial bubble from within.
