If you are unsatisfied with 2.3% economic growth, get ready for 1.3%. Typical annual growth has been 1.0% labor supply expansion and 1.3% labor productivity. Cut labor supply growth to zero (retiring boomers, low births, deport immigrants), and there goes nearly half of growth.

This is the most I've ever talked to my friends about the WNBA. Just saying 🤷‍♂️.

Tl;dr the number is bullshit and the actual subsidy is tiny. Which is what it should be...let market determine which energy source wins. Not government subsidy.

Single most important chart to understand this new tariff heavy, regulation heavy economy. Need to get regulatory reform and tariffs removed to unlock the other 490 companies (and beyond) for everyone else to benefit.

Important chart. S&P 490 has had basically no earnings growth since 2022, despite rampant inflation. It’s just 10 companies doing really well, while the broader economy is in contraction in real terms.

What do you call software you use all the time but absolutely hate? The big 3 for me: - Zoom - Sonos - Resy

These are people most likely to come to America, build new companies who employ thousands of people, create jobs and tax revenue etc. And we're scaring them away.

We don’t need misleading charts to show that housing is in crisis. The truth is absolutely enough. Use real wages, mortgage data, and a time-constant metric of work: Hours. Clean code, real data, honest storytelling. That is how messaging needs to be done.

Yup. The biggest threat to economic progress is ourselves and some people's hatred of new things. Later the same people will complain about lack of wage growth and job growth in their area (and probably housing costs as they block new housing). You are the problem!

Feeling liberated?