Labor share of output just hit 53.7%. Lowest since 1947. Economy grew output 3.2% with 0.4% more hours. Real compensation fell. Manufacturing is producing more with fewer people for six years running. The productivity gains are real. They’re going to capital, not labor. Nobody is coming to fix this for you. #bitcoin #grownostr https://www.bls.gov/news.release/pdf/prod2.pdf

BLS Q4 2025 wage data dropped today. The headline is +4.2%. Sounds decent. Strip out tech and finance and the economy regular people actually live in is growing at +2.5%. Against inflation still running hot on housing, food, energy, and insurance. The average household is losing ground every single month. Politicians in 78 jurisdictions blocked $64 billion in data center construction. Their voters got a press conference. The jobs, the construction wages, and the property tax base went to the counties that said yes instead. Nobody will be held accountable for the jobs that were never created. That’s moral hazard. #bitcoin #grownostr

County Employment and Wages Q4 2025

Economic Reporting

The job is temporary. The skills are permanent. Build skills that travel, not loyalty to an organization that would restructure you out tomorrow without blinking. #bitcoin #grownostr

MSTR is likely to have 1 million Bitcoin before the end of this year at the current rate of accumulation…

The System is Managed Until It Isn’t

Sunday Coffee, weekly content series 5/31/26

Mediocrity: The Disease Nobody Wants to Cure

Dig.

This man deserves recognition. Not for saving the economy. Not for refusing to bend to political pressure. Having the resolve to show up every day, do the right thing, tune out the noise, and remain a good person while the entire world screamed at him from every direction. You can criticize his actions. You can say he didn't do enough or did too much. You can blame him for whatever you need a person to blame for. But the man showed up every day for 8 years. Never raised his voice. Never retaliated. Remained calm and did his job. Took the hits from every side and never once broke character. That's not politics. That's conviction. Respect.

"There was a saying from John Adams in 1776, where he said public virtue cannot exist in a nation without private virtue, implying that citizenship involves sacrificing your personal interests for the greater public good. And Thomas Jefferson also spoke at length about taking a turn providing civic duty. Everyone has a civic responsibility to support society at large. But if you're going to go into government, if you're going to go into politics, you do a tour of duty. It's not a career. It was never meant to be a career." - David Friedberg, All-In Podcast w/ Spencer Pratt

Apple Podcasts

Spencer Pratt on Fixing LA: Wildfires, Homelessness, Corruption & the Fight to Take It Back

Podcast Episode · All-In with Chamath, Jason, Sacks & Friedberg · May 10 · 1h 11m

Here we go again?

ArcGIS Dashboards

ArcGIS Dashboards

Two humans ran Sunday's London Marathon in under two hours. Sabastian Sawe at 1:59:30, followed eleven seconds later by first-time marathoner Yomif Kejelcha at 1:59:41. That's a 4:33 mile pace. For 26.2 miles. Without stopping. Go outside and try to run a single mile at that pace. You might die. Real achievement is quiet. This should be front-page news everywhere. It isn't. Hats off, gentlemen.