BREXIT

[VNA]

We as ordinary punters read or listen to the experts then make up our minds.  We make up our minds as to which expert makes the most sense. 

From the London School of Economics - http://blogs.lse.ac.uk/politicsandpolicy...ty/#Author

Summing up
Alternative economic models have different advantages and drawbacks and are suited for different purposes. Unfortunately, Minford’s model is inconsistent with two basic facts about international trade: first, that trade satisfies the gravity equation; and second, that the EU has been trade-creating, not simply a tool for trade diversion.
This implies that the model will give very unreliable predictions of the consequences of Brexit for trade and living standards. When we analyse the same scenario considered by Minford using a more realistic assessment of how UK ‘unilateral trade liberalisation’ could actually work, we find (alongside just about everyone else) that Brexit still leads to a decline in UK living standards.
Minford’s ‘Liverpool model’ with its 1970s vintage of perfect markets everywhere has a bad track record when it comes to policy analysis. For example, in 1997 the model predicted that the proposed national minimum wage would mean millions more unemployed. Subsequent evaluations of the minimum wage have shown that the actual effect was rather less – zero, in fact (Metcalf, 2008).
Like the other 1970s hit, we Won’t Get Fooled Again.