Throughout the Brexit campaign I have been at a total loss to understand the panic by the media and financial industry at the idea of the EU losing its grip. After all, the EU is just another expensive bureacracy that produces nothing. Its regulatory efforts are the opposite of free trade, interfering with comparative advantage, and imposing restrictions on commerce like a supersized medieval guild administrator. (Englishmen are no longer able to fish in half of their territorial waters, nor to grow certain breeds of apples, for example.) I see nothing but cost savings and economic advantages to its demise.