Can we all just calm down for a second? Can we stop making a tempest in a Twinings teapot? Yes, with the "Brexit" vote, the United Kingdom has voted to leave the European Union. Yes, the British pound lost value as a result of this news. Yes, world markets fell in response to this uncertainty.
But you know what? Currencies rise and fall. Stocks go up and down. This is not a self-inflicted London Blitz. It's not a repeat of the worldwide depression of the 1930s, when Britain's industrial production fell by 16.2 percent. Nor is it a crisis on par with April 10, 1970, when Paul McCartney announced his solo album, signaling the breakup of The Beatles.
David R. Wheeler
Let's understand this moment for what it really is: an opportunity for the United Kingdom to become the 51st state of America.