June 24, 2016 – Brexit Decision

A difficult path is likely ahead for the UK, but the change should allow them to more easily align their fiscal policy with their monetary policy.

This event is also a good opportunity to distinguish “triggers” from “causes”, because a trigger can often be mistaken as the cause. An untenable situation that builds over a period of time is the cause; it’s very difficult to align the various fiscal policies of Eurozone countries with one monetary policy. When the cause allows significant strain, any number of various trigger events can create disruptions.

Brexit decision cartoon: http://grrrgraphics.com/uploads/7/4/7/3/74734153/7042595_orig.jpg