Nothing says "trade war" like weaponizing economics with suspiciously precise formulas. That equation for calculating reciprocal tariffs looks like someone tried to mathematically justify why your avocados now cost $7. The elasticity is "near 2 in the long run" - much like my patience for economic policy papers that use Greek letters to sound smarter. They really set the price elasticity at 4 when real evidence suggests 2, which is basically the academic equivalent of doubling your recipe's spice measurements because you "feel like it might need more."
When Math And Trade Policy Have An Unholy Alliance
economics-memes, tariffs-memes, trade-memes, mathematics-memes, policy-memes | ScienceHumor.io
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