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⚯ Michel de Cryptadamus ⚯

Really feels like an LLM got the idea of importing and exporting data mixed up with the concept of data about the import and export of goods when it was writing this guidance on tariff calculations...

> "Parameter Selection: To calculate reciprocal tariffs, import and export data from the U.S. Census Bureau for 2024."

Seems like it should read "To calculate reciprocal tariffs, import import and export data..." but the LLM tokenizer didn't like using the word "import" twice in a row.

Parameter Selection To calculate reciprocal tariffs, import and export data from the U.S. Census Bureau for 2024. Parameter values for ε and φ were selected. The price elasticity of import demand, ε, was set at 4. Recent evidence suggests the elasticity is near 2 in the long run (Boehm et al., 2023), but estimates of the elasticity vary. To be conservative, studies that find higher elasticities near 3-4 (e.g., Broda and Weinstein 2006; Simonovska and Waugh 2014; Soderbery 2018) were drawn on. The elasticity of import prices with respect to tariffs, φ, is 0.25. The recent experience with U.S. tariffs on China has demonstrated that tariff passthrough to retail prices was low (Cavallo et al, 2021).
ALT
#uspol#tariffs#Trump
Apr 03, 2025, 16:54 · · · 5 · 7
CaliCarol

@cryptadamist

There is something absolutely perfect about this imbecilic Trump regime using AI and fucking everything up even worse than they would have if they'd just used a pencil and a calculator. DOGE boys no doubt involved.

Just wait until they implement their AI generated code on Social Security. Honestly, if I was one of these big AI-investing companies I'd try to save the brand by telling them to stop using it.

Hahaha.

#uspol#TrumpTarrifs#Krasnov
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