May 28 2014
Politicians “create jobs” the same way homeopathic medicines treat cancer—which is to say, they almost definitely don’t at all, but a certain percentage of the population will never be convinced of that. Political change can nudge job numbers in the right direction, but the economy, like the human body, is too big and complex to respond predictably to tiny doses of cure. And so Ontario Progressive Conservative leader Tim Hudak’s “Million Jobs Plan” has been highly suspect from day one. What’s more, economists are now saying that it may be flawed to the point of utter uselessness, largely because of a single mathematical error.