On physics – Friedman/Healy in NYT:

‘I’ve kind of given up on politics when dealing with Trump because at least until the midterms, there are no levers to pull. The Senate is all in on him. The House is all in on him. The Supreme Court is all in on him. His media ecosystem’s all in on him. I’m now entirely betting on physics, on the hard realities of things. You cannot move 2.2 million Palestinians from Gaza physically. And you are not going to get Ukraine to just surrender to Russia because you bat your eyes at them.
There is the hard physics of things, and one of the physics is that our auto industry cannot survive in a world where the steel components it needs get tariffed by 25 percent and you basically crush the EV incentives. The physics of that, the math is not going to add up, and all you have to do is look at the Ford stock price to see it.’

Read the complete conversation here.

Give up on politics, pin your hopes on physics.

We’ll see where the talk ends and the walk begins.

But the talk can do quite a lot of damage in the meantime.