There's nothing funny about the economic effects of Brexit: Don Pittis
But if that's true, why are so many of those peculiar British people laughing?
If Brexit is the equivalent of a 10-tonne weight falling on the British economy, why are so many British people laughing?
Despite enormous optimism by the Leave campaign that everything will be wonderful after departing the European Union, every independent indicator and economic study shows the long and painful process of trying to get there has been really bad.
In what seems like a humorously over-the-top comparison, one of latest studies I spotted relates the long and wearing Brexit process to the ultimate financial bogeyman of the last century.
"The clearest historical parallel that led to such an extended period of uncertainty is the Great Depression, which started with the stock market crash of 1929 and generated continued uncertainty until 1932," said the authors, a group of credible international economists funded by British research money, writing in the Harvard Business Review.
The article, Brexit Is Already Affecting UK Business — Here's How, says that not only did the unexpected vote to leave shock the economy, long-term uncertainty as to what's next has meant less investment and reduced employment.
Of course the contrast between horrible reality and the over-the-top optimism of the initial campaign has been one of the tropes for British satire, that, as with the Trump presidency in the U.S., has been a growth industry.
In one skit an all-white English family sits around an imagined post-Brexit kitchen table happily discussing how things have improved since the U.K. has left the EU. The promised boost in health-care spending has cured the disabled father. The country grows rich on fish.
Reading a paper whose front page headline screams Free Puppies For Everyone, the daughter celebrates the many available jobs now that the foreigners are gone. The cupboard is full of British food, and in the new paradise, the family is allowed to have "bendy" bananas because European restrictions have been lifted.
Quite wonderfully the skit, which to all appearances says only good things about Britain's Brexit future, has been attacked from both sides of the debate. Humourless Remainers criticize it as insensitive while humourless Leavers complain it trivializes important issues.
The tradition of humour that viciously attacks Britain's greatest institutions from the Royal Family to the BBC is one of the things that, despite glaring inequality and miserable weather, gives the country a feeling of careening freedom so obviously different from Putin's Russia or Xi's China.
Humour is subversive. It is also a coping mechanism when it feels like you may have lost control and may be in for something unpleasant.
Monty Python Parliament
Some of the country's biggest butts of British humour are the politicians and the political system that even a serious political journalist in the Financial Times compared last week to a giant Monty Python skit.
A dip into one of BBC Radio's jolly game shows such as The News Quiz will usually offer equal-opportunity ridicule of British politicians on a Brexit theme.
The Scots News Quiz comedian-contestant Susan Calman, who claimed to have voted Leave (to much laughter), pointed out one clear industrial winner.
"I think Brexit has been very positive for the metaphor industry," quipped Calman, pointing out that a comment by Prime Minister Theresa May about scraping mould off old jam in her fridge was being used by the Washington Post as a metaphor for the entire Brexit process.
"It's a scandal there aren't more funny Brexit-supporting comedians to come on this show," responded another contestant.
But an online sample of pro-Brexit comedians reveals that like many strong political devotees, they take things pretty seriously. Jokes about terrorists and Muslims seem especially humourless after last week's killings in New Zealand.
Brexit comedy for export
When it comes to the comedy industry, not only has Brexit created domestic humour, but it has become an export commodity.
Last week a segment from Full Frontal with Samantha Bee, called A Brief History of Brexit for Americans presented by British-raised American comedian Amy Hoggart, was making the rounds.
Hoggart's funny video, which, like the Financial Times article mentioned above employed the Monty Python stomping foot, was more than just a joke. By satirizing the politicians, their confusion and their quest for more power at any cost, Hoggart told a complex political tale in a palatable form.
Take a British history lesson:
With a signature introductory "No, no, no, let me speak," impressionist comedian Jon Culshaw from the radio show Dead Ringers plays the role of United Kingdom Independence Party chief Nigel Farage, complaining about Tory government mismanagement of Brexit.
"You took something that was good and pure where a plucky band of idealists defeated the political elite with nothing but hope in their hearts and oodles of cash from a few shadowy billionaires," says the faux Farage, making light of an accusation reported in serious news elsewhere that the campaign was partially funded by cash from Russians bent on making Britain not a strong economy for the people but a tax oasis.
In a news story it is hard to declare so directly that the poor and stupid have been manipulated by the nefarious rich, but that is another comedy trope.
As one Twitter joke went, the solution to the whole problem is merely to end Brexit quietly, tell each other Britain has crashed out of the EU and hand out passport covers that require people to stand in longer lines at customs and immigration.
That would make people feel as if they were outside the European Union with the bonus of their economy not collapsing.
But to about half of British people who remain honestly convinced that the country will be better off outside the EU, that just isn't funny.
Follow Don on Twitter @don_pittis