We have had a hard day enjoying the Grand deGloves (ages 1, 3, and 5) while driving through the Minnesota snow. It isn’t snowing hard but combining a little snow with some wind and open places makes driving challenging. Thus, when we saw Kevin D. Williamson give the following obvious solution to Brexit at NRO:
Here, the United Kingdom has an opportunity to reclaim a very old — and very British — solution: unilateral free trade.
Our immediate reaction was: didn’t we say that first? We’re sure we have made the point that we favor unilateral free trade but we’re not sure about the example of Brexit. It is just we are too tired to look it all up. So, we will support Kevin. Instead of stressing the UK economy by some convoluted agreement the government could improve the UK economy by reducing stress.
Yes, there will be some losers in the new system but there are always losers in the economy. Always! By reducing the stress on the UK economy and energizing the growth fairy there will be more resources to help the downtrodden. Kevin is a noted skeptic of the growth fairy.
Sidebar: Yes, we have very (!) limited cites today. Trust us or you can do the work and read our previous posts. End Sidebar
But even he seems to be drinking the Kool-Aid (and we have a previous post on drinking the Kool-Aid without a cite) on the growth fairy:
Great Britain in fact grew vastly wealthy while maintaining trade arrangements that paid relatively little attention to reciprocity even in principle. British territories, notably Hong Kong, grew wealthy while following much the same model.
The way you get vastly wealthy is through economic growth. We wonder if he is willing to admit to the long-term existence of the growth fairy? For sure, we are both in agreement on this simple and easy solution to Brexit: Unilateral free trade.