The Economist, a stalwart of centralist economic liberal thought and action in the UK, had a stab at Europe this week. Its article showed how much Europe would lose once Britain quits. While ignoring that each loss is also a loss for Britain. Take the Euro for instance, something my readers might be surprised to know is something I have always disliked. It simply forces countries to shadow the high currency exchange rate of Germany while not allowing them to devalue as they fall behind. The troubles of Greece are a perfect example of the inability to devalue. The Economist writes 'Brexit has also inspired those who never liked the model of endless exceptionalism pioneered by Britain but welcomed by many others. On the single currency, for example, Britain’s presence once served as a reassuring reminder to countries outside the euro zone that they could not be sidelined. Now the commission is quietly reminding euro “outs” that most of them have a legal obligation to join.' The UK will keep its over-devalued pound while other fringe EU countries will continue to suffer with over-valued exchange rates. Yet the UK is a trading nation mainly in services (for export) and goods (for import). Its services may get much cheaper but that wont matter as it loses much of its financial service industry to Frankfurt, Paris, Milan and Dublin. Its imports will become much more expensive possibly followed by import substitution as Britain's aging population turns to farming again - but this time no young Europeans to do the hard work. The Economist, at least in the referred article, misses all that and seems self-satisfied that EU will lose. Heck man...the UK loses everything...please get real Mr. Economist!