Notes in the Margin

One of Trump's more bizarre claims recently is that gasoline now costs less than $2 per gallon. As every casual observer knows, the price is closer to $3. 

 The government loads $328 billion of your tax care money on the EBT cards for SNAP recipients, and they go into the stores and they buy Coca Cola products, Frito Lay products, Pepsi products. 

India claims it is attacking "terrorist infrastructure." Both countries have nuclear weapons. 

Brandan Buck explores how some conservative America Firsters have long challenged U.S. interventionism in the Middle East and questioned the alliance with Israel.

Robert P. Murphy and Mark Spitznagel co-author this examination of how to look at the trade deficit. (paywalled)

A former toadie to Dick Cheney, sources say Waltz will soon be fired from his job as Trump's National Security Adviser.

SecDef says this shows there is "no daylight" between the US and Ukraine. For those wanting the US out of Ukraine, this moves the US in the wrong direction. 

Even if this global trade war is ended tomorrow, it will take a minimum of 30 to 55 days, but more likely at 7-9 months, to normalize supply chains.

The average U.S. disposable income for 2022 was $51,147, almost $10,000 higher than the top European country, Luxembourg, at $44,773, according to World Population Review.

This is really the "Biden stagnation" but Trump has made it his own by raising taxes and stifling international trade. So, now Trump owns it.