Monthly Archives: May 2019

Reflections on Westeros

Well, it is the May long weekend and a celebration of Queen Victoria but this year it has also coincided with the end of Game of Thrones and its own set of Kings, Queens and associated dysfunctional noble figures.  There has been a lot of angst expressed about how inadequate the final season has been […]

Why do I have to collect my pension already?

Ontario's Ford government has a plan to induce professors over 71 to retire. I wrote a column in the Globe and Mail about it. Here's a sneak peak: Nearly one in 10 Ontario university professors is over the age of 65. As of 2016, these professors were earning, on average, $184,947 a year. Moreover, because […]

Accounting Identities and the Implicit Theory of Inertia

Animals can be divided into Carnivores and Non-Carnivores: A = C + NC. Therefore, if we add some wolves to an island of sheep, the number of animals on that island will increase. It's easy to see why that argument might not be right. Wolves kill sheep. But if you didn't know that fact about […]

Fiat Bling

I visited a country where people wore paper money as jewelry. Richer people wore larger denomination notes, to signal how wealthy they were, and poorer people wore smaller denomination notes. Only the very poorest wore none at all. Then I learned the paper money wasn't used as money. They only produced one homogeneous good called […]