Top Links 1186 The profit dollar. Trump gets the Fed he deserves. Free trade DSA. How unmotivated workers cost trillions.

Great links, images, and reading from Chartbook Newsletter by Adam Tooze

Thank you for your support of Chartbook. Your generosity keeps this show on the road.

Boris Margo, Untitled [MR141], 1937

McKinsey spells out the basis of the “profit dollar” - outsized returns → outsized equity valuations.