According to this article, even the value of epsilon is wrong. Epsilon stands for ‘price elasticity’, which seems to measure how much tariffs would affect the price of an item. 0.25 is the value used by the White House, but some economists have come out saying it is actually closer to 0.945, indicating that prices are affected far greater by tariffs than what these buffoons claim. But even with the correct value, the formula makes no sense.
Without the fancy shit, it’s basically (exports/imports) - 1.
Yes. You can’t explain women’s pain to those who masturbate to it.