Here, I quote:
"IMF Report: Brexit risks 'severe and permanent damage' to the world economy."
That really is the most stupid headline I have read for a long time. Patently it is absolute nonsense.
Did the 1930's depression create 'severe and permanent damage to the world economy'? No.
Did WW2 create 'severe and permanent damage to the world economy'? No.
Did the rampant inflation of the Weimar Republic and (arguably) the consequential rise of Hitler create 'severe and permanent damage to the world economy'? No.
Did the collapse of the Soviet Empire create 'severe and permanent damage to the world economy'? No.
Did the American Revolution (and its 'AMEXIT' from the first British Empire) create 'severe and permanent damage to the world economy'? No. In fact arguably the exact reverse. AMEXIT, together with implementing the recommendations of The Wealth of Nations (published at the same time - 1776), laissez faire and the repeal the Corn Laws ushering in an extended period of free trade, set the world on the greatest period of wealth creation (for everyone) in history, so far.
The IMF are liars. End of.
