What does the -O flag do?

Sard Sardaukary at gmail.com
Tue Jan 9 23:19:34 CET 2007

http://rgruet.free.fr/PQR25/PQR2.5.html says

"Optimize generated bytecode (also PYTHONOPTIMIZE=x). Asserts are

Is removing asserts all it does, where can I find more details?  I'm
guessing it's not very useful as I hardly ever see it mentioned.

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