The EU is Not A Household Expense—It’s A Trade Fair

Ever since the EU Referendum campaign kicked off in earnest, everyone—Brexiters, Bremainers and Bragnostics—have been complaining that they can’t get the straight facts out of anyone. “If only we had the facts” they cry, “then we’d all be able to make a sober, rational choice about whether to vote in or out”.

That’s a noble idea but it’s also delusional. Most people aren’t going to do sums. They’re going to vote on gut instinct, emotions, and, if they are trying really hard to be civic minded, then they’ll vote on whose arguments seem most credible.

We don’t need more facts. The facts are out there for those who care to look and who have been educated in macroeconomics.

What we need are better metaphors. Continue reading “The EU is Not A Household Expense—It’s A Trade Fair”