The More Decentralization, The Better The Prospects For Liberty

By Ron Paul

On June 23, there will be a referendum in the Britain on whether or not to leave the European Union. There's a lot of speculation as to how this vote will play out. The very well-known, and well-traveled investor Marc Faber thinks that an exit would be "the best thing ever for Great Britain."

Momentum has been shifting away from Brussels and the EU. Currently 53% favor Britain leaving, while 43% say they'd rather stay, or don't know. This is very good to see, but a lot can still happen between now and June 23.

Scare tactics are surely being used. For example, Donald Tusk who is President of The European Council says: "I fear that Brexit could be the beginning of the end, not only to the EU, but to the entire Western political civilization." 

I doubt Tusk actually believes that, but who knows? People in power often fall victim to their own propaganda.

I've long been an advocate of secession, in all of its forms. I've never been a fan of nations giving up their sovereignty. The more decentralized the government is, the better the prospects for liberty. I wish the United States would get out of the agreements that it has entered, like the UN, IMF, NATO, NAFTA, WTO, etc.

Nations (and even individual states) tend to go along with the centralization of power until things start to go south. Once the inevitable problems of gigantic bureaucracies cannot be avoided, secession takes over. It becomes a stampede to become the first one out the door. 

This same phenomenon occurs with money as well. Many around the world have used and continue to use dollars. However, once the unavoidable crises occur, the desire to run to sound money will occur as well.

I think it's great that the British people are waking up and having this referendum. It took them a long time to make it happen, and it'll be interesting to watch.