Brexit will make the UK economy stronger

Edward Chancellor
British pound notes
Roslan Rahman | AFP | Getty Images

Britain's referendum on EU membership has left the country divided and bitter. Defeated supporters of staying in believe that those who voted the other way are ignorant and that they will come to regret the material consequences of their decision. Perhaps John Bull has better economic sense than he's credited with.

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The majority of voters, ignoring shrill warnings from the UK government and sundry other official bodies, signaled their dissatisfaction with the status quo. They embraced economic uncertainty because they didn't see they had much to lose. As it turns out, the market turmoil unleashed by the decision to exit the EU creates the possibility of putting the UK economy on a sounder footing.