The funniest part isn't what they have done, but the fact that they don't even understand what they did.
They set ε at 4 and φ at 0.25 which results in them effectively being removed from the equation by equalling 1 when multiplied.
Then it just becomes trade deficit/imports.
They set ε at 4 and φ at 0.25 which results in them effectively being removed from the equation by equalling 1 when multiplied.
Then it just becomes trade deficit/imports.
Comments
Sounds like a solid policy choice
according to reports I read... it was chatgpt,
maybe grok needed help
At the same time I feel 0,25 is low for φ, let's double it.
@abcaustralia.bsky.social
@jimchalmers.bsky.social
@australianunions.bsky.social
You just turned voodoo into idiocy provided by idiots.
Can you imagine what kind of catastrophic nonsense those DEI people, with their qualifications and objective metrics of success and achievement, as well as experience, might have come up with?
From texty Pete Hegseth to the economic team to Musk's DOGE to RFK Jr's "let's ditch cancer research and end vaccines" health guys, we're kinda turning into the Dollar General of hires.
https://ustr.gov/issue-areas/reciprocal-tariff-calculations