Global markets were in shock Friday on the news that the U.K. will leave the European Union. The vote was close, with 51.9% voting to leave the union, while 48.1% voted to remain.
The results rocked U.S. markets, with the Dow Jones Industrials Average closing Friday down 610.32 points.
But British economist, Tim Congdon, told his friend, Steve Hanke, professor of applied economics at Johns Hopkins University, that investors are over-reacting to the results.
-- Written by Anders Keitz