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Yes. They added greek letters to make themselves sound smart. But the terms cancel out and are therefore meaningless.
by nkoren 2y ago
Yes. They added greek letters to make themselves sound smart. But the terms cancel out and are therefore meaningless.
- _t9ow 2y ago> They added greek letters to make themselves sound smart That's because they know that most Americans won't be able to figure out that those terms cancel out.
- vntok 2y agoThat's not how applied math works. Sure, two variables may cancel out when set to specific values and multiplied or divided together... however that certainly does not mean that the variables are meaningless in the overall equation!
- marcusb 2y agoBetween the Penguin Tax and the wonky math, I maintain this entire thing was developed by LLM. The only thing that gives me any pause is the wonky math is consistent.
- nasmorn 2y agoMy theory is the tariffs have simply been set by relative trade deficit and after Trump has announced them and been ridiculed someone tasked economists with finding an explanation for the rates. This formula kind of just works out if you estimate the elasticities for all import from all countries conveniently at 2.