This is our last edition for 2019. It's 970 words — or a quick 3.6-minute read.

  • Dion will be back to greet you in the new year. What's on your mind as we head into 2020? Drop me ( or Dion ( a line.

"We’re in a hell of a mess in every direction." — see who said it and why it matters at the bottom of the newsletter.

The answer: Paul Volcker said that in an interview with the New York Times last year. Read this story by Axios' Felix Salmon on why Volcker was one of the last heroic technocrats.

See you in 2020! 🥳