Blog Archives

The OPHTMM Problem

The OPHTMM problem is hands down the hardest problem that the humanity has faced during its entire history. I can say this very confidently, because no other problem can boast so much labour and resources spent on solving it, or

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Ridiculous promises of “job creation” rule Toronto and Ontario elections.

The motif of job creation is back in the public debate, and this time it’s playing especially loud. Both Toronto and Ontario elections feature all sides talking about jobs, as if these were be-all and end-all of the economy. “Vote

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The Beer Store Publishes a Ridiculous Study of Possible Liquor Privatization Effects

The Beer Store has published a study of potential effects of privatizing alcohol sales in Ontario. The results are not surprising: it will bring nothing except gloom and doom. The study has been vetted by an economist Greg Flanagan, who

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The Rich Get Richer – And That’s a Good Thing

We are constantly told that the rich are getting richer, and the poor are getting poorer. In fact, this phrase has been resurfacing here and there for the last 200 years. Surely, it has been mentioned more frequently in the

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Mainstream Economics and Flying Unicorns: part 2

In the previous post we looked at a way to construct a common sense test: given an economic claim, we can try to see if this claim corresponds to our everyday experience. We are not satisfied with scholastic, logical-sounding explanations

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Mainstream Economics and Flying Unicorns: part 1

It is a well known phrase popularized by Carl Sagan: Extraordinary Claims Require Extraordinary Evidence. As rationalwiki.org puts it, if Alice tries to convince Bob she went to a movie last night, a ticket stub will perfectly do. If however,

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Rob Ford is Still Popular Precisely Because He Is So Bad

OK, so we know Rob Ford has done some Bad Stuff. For those who don’t, let me recap briefly: He smoked crack cocaine, has been drunk in public multiple times, hung out with people with criminal connections and initially tried

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