Contrary to what the mainstream media is telling you, Brexit is a great thing for both the UK and the rest of the world. The temporary pain markets are feeling right now is equal parts a result of hysterical overreaction and belief in a massive bounty of misinformation.

The following is a compilation of the best articles I’ve read about Brexit, along with a brief synopsis of each:

Brexit Wins: Why That’s Great News for Europe, Too by Dan Sanchez

  • super-states like the EU make protectionism and warfare worse by externalizing the costs of both, thus reducing both the volume of trade and the propensity for war
  • super-states prevent “voting with your feet” to escape bad laws

Don’t Fear Brexit: Britain Needs Freedom, Not Bureaucracy by Charles Gave

  • Freer trade and less regulation means capital will flow into the UK from EU
  • Shock to markets and current dislocation/volatility is temporary
  • “I cannot remember a single incident of increased freedom being followed by a sustained decline in living standards — not one.”

Brexit: Individualism > Nationalism > Globalism by Jeff Deist

  • Brexit is backlash against globalism
    • “At its core, globalism has always meant rule by illiberal elites under the guise of mass democracy.”
  • EU and other “trade organizations” are actually massive impediments to free trade, not facilitators of it
    • Free trade is of utmost importance
  • Brexit is a revival of self-determination and therefore a step toward liberty
  • “Libertarians should view the decentralization and devolution of state power as ever and always a good thing, regardless of the motivations behind such movement.”

Brexit at Tiffany’s: The EU is Worse than Worthless for Britain by Lance Roberts

  • “The EU as an economic mark is declining in the world, when there were only nine countries in, it was 30 percent of the world’s GDP, now there are 28 it is only 17 percent.”

4 Myths about Brexit, and 3 Reasons It’s A Good Idea by Ben Shapiro

  • Brexit will result in freer trade agreements, not trade wars
  • Brexit has no impact on European security whatsoever
  • Free movement of labor (travel) can be a part of a new deal that doesn’t involve secession of British sovereignty

Although I don’t agree with every point in every one of these articles, the overall theme is clear: change is anathema to markets, which wholly explains their response. After the current temporary market volatility ends, the UK now has the opportunity to make the world a more prosperous place for everyone involved so long as it pursues a policy of market and trade liberalization.