{"id":49495,"date":"2019-07-09T03:00:35","date_gmt":"2019-07-09T07:00:35","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=49495"},"modified":"2019-07-08T10:25:13","modified_gmt":"2019-07-08T14:25:13","slug":"the-main-economic-damage-of-brexit-is-the-extended-period-of-uncertainty","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2019\/07\/09\/the-main-economic-damage-of-brexit-is-the-extended-period-of-uncertainty\/","title":{"rendered":"The main economic damage of Brexit is the extended period of uncertainty"},"content":{"rendered":"

At the Continental Telegraph<\/em>, Tim Worstall<\/a> interprets a recent Bank of England recommendation to really mean “do Brexit” and “get it over with”:<\/p>\n

\"\"<\/a>

“The bank of England. London.”<\/a>by Demetrio Neri_1959<\/a><\/span> is licensed under CC BY-NC-SA 2.0<\/a><\/a><\/p><\/div>\n

To pull that out of the jargon, when every bugger’s running around screaming because they don’t know what’s going to happen then things are dark for the long term future of the economy. Just because the screaming and the running around means no bugger is doing anything else.<\/p>\n

And here’s the thing \u2013 that lookin’ dark bit gets worse the longer the uncertainty lasts. To the point that the effect just of the not knowing becomes greater than the possible effect of any particular event in that universe of possibilities. It really is true that continuing to delay Brexit will, at some point, become worse than any particular Brexit outcome.<\/p>\n

Thus get on with it, get it done. And given that we’ll get something of a bloody revolution if the Remainers win \u2013 we Brits being really quite keen on this democracy idea, we get to choose not they \u2013 then the getting on with it will have to be to leave. Yesterday would have been good, tomorrow if that’s not possible.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

At the Continental Telegraph, Tim Worstall interprets a recent Bank of England recommendation to really mean “do Brexit” and “get it over with”: To pull that out of the jargon, when every bugger’s running around screaming because they don’t know what’s going to happen then things are dark for the long term future of the […]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,25,62,84],"tags":[436,337,114,359],"class_list":["post-49495","post","type-post","status-publish","format-standard","hentry","category-britain","category-economics","category-europe","category-government","tag-banking","tag-eu","tag-separatism","tag-uncertainty"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-cSj","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=49495"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49495\/revisions"}],"predecessor-version":[{"id":49497,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/49495\/revisions\/49497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=49495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=49495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=49495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}