Notes in the Margin

US Navy loses $60 million fighter jet after it fell off aircraft carrier. This brings the total cost of lost aircraft in Yemen up to $270 million since Trump took over.

The Liberal Party, led by new Prime Minister Mark Carney, is projected to form a minority government in a dramatic political comeback, defeating the Conservative Party, led by Pierre Poilievre. 

Ted Carpenter explains why NATO is now even more useless than before. 

Lower income countries like the D.R. often face much higher relative costs than rich countries when it comes to dealing with waves of migrants. 

US airstrikes on Yemen killed 95 civilians and injured 192 last week. Very little US trade requires the Suez Canal, so this is about subsidizing the State of Israel. 

Trump's trade war is so successful that he's planning to bail out the farmers who will suffer under the trade war. 

62% think tariffs will be a net liability in the long run. Even more think it will be costly in the short run. They're right because tariff hikes are just tax increases on Americans.

Sales of previously owned homes in March fell 5.9% from February to 4.02 million units. That’s the slowest March sales pace since 2009.

Won't make 2% NATO target. The American taxpayers in no way benefit from a military alliance with Italy. Time to leave NATO. 

It's a good start, but the Fed should never cut (or raise) rates at all. It should stop manipulating interest rates altogether. Anything else is just central planning.