This is the Cato Daily Podcast for Monday, June 27, 2016. I'm Caleb Brown.

UK Voters have decided to leave the European Union.

So what? If trade and labor markets don't suffer, there may not be much difference

for the average person.

Tom Clarity is managing editor of Cato Journal.

We spoke today.

This is from the Washington Post front page.

For EU, biggest threat is the will of its people. They describe a group of students who are essentially

getting master's degrees in Brussels on the EU. And the paper notes here, it is perhaps

telling that a higher degree is needed to

fully grasp the EU a fact that has isolated it from many of the citizens it serves

so it seems like the EU is a very complicated thing.

There are many countries that bristle at the idea of a bunch of decisions being made in Brussels

that they are fully capable of and willing to and in some cases would prefer to make themselves.

I think the regulation of cinnamon and baked goods was one of the regulations that the EU tried

to foist on these countries.

So Brexit, from that perspective is understandable,

but there are other reasons that this thing occurred

and it wasn't just about Brussels exerting regulatory

authority over its member states. Not solely because of that no but let me pick

up on a couple of things you just

said there first of all if the EU is a threat from its people that's a fairly

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