Patrick Barron has been a consultant to the banking industry since 1985. He teaches Bank Management Simulation at the Graduate School of Banking, University of Wisconsin, Madison and Austrian Economics at the University of Iowa. He has contributed a weekly essay in the Austrian vein to The Bulletin, Philadelphia since 2006. As president of the Right Approach Group, which offers free market solutions to current economic problem, he has spoken at economic conferences at the EU Parliament offices in Brussels, Belgium and Strasbourg, France.
The French charge the British with the crime of desiring a larger free market but one without additional rules and obligations. If this is the charge, then there truly is a fundamental difference of opinion. Why does trading freely with more people in more countries require that the traders bail one another out of financial jams? As an American I desire to trade freely with my neighbor Mexico, for example, but I feel no obligation to bail Mexico out of its financial messes. This strikes at the heart of the matter. The UK can achieve everything it desires by leaving the EU and declaring itself a free trade nation. That means that the UK would NOT require reciprocal free trade agreements in order to allow goods from other countries to be brought into Britain duty free.