Elizabeth Warren's Banking Sector Napalm

https://thereformedbroker.com/2019/07/21/elizabeth-warrens-banking-sector-napalm/

by howard941 • 7 years ago

31 8 7 years ago

Awesome. Good for her.

PKop• 7 years ago

Another smart position from Warren (again, relating to her understanding of how the financial sector has an outsized prominence in our economy):

Devalue the (overvalued) US dollar:

https://www.nytimes.com/2019/06/16/opinion/elizabeth-warren-...

A common concern of vast swaths of middle America which appeals to both Trump voters and potential Warren voters is loss of industrial capacity / jobs / people / and stagnant wages. A huge cause of that (arguably orders of magnitude more than "free trade"/tariffs issues) is the imbalance of running the reserve currency and our dependance on capital inflows (bond market & wall street) to fund our trade deficit.

Either we run a super strong reserve currency and have a financialized economy, or we close the trade deficit. We can't have both. But choosing to have a large capital account surplus and huge trade deficit is making a choice who the winners and who the losers are. It would be nice if more policy debates centered on that dynamic.

Trade deficit / reserve currency tensions:

https://qz.com/1266044/why-does-the-us-run-a-trade-deficit-t...

https://en.wikipedia.org/wiki/Triffin_dilemma

BentFranklin• 7 years ago

She's the only one saying what needs to be said. Those bankers can go get honest jobs.

rayiner• 7 years ago

I wonder who gets to decide what is an "honest job." And how many of those people would consider much of tech to be "honest jobs."

867567838694• 7 years ago

Warren has a proven track record of being a complete moron when it comes to the economy and is a guaranteed trip to economic disaster.

supercanuck• 7 years ago

Your effort here is poor. Do better next time.

dang2• 7 years ago

Please don't respond to a bad comment with another bad comment. That just makes the thread even worse. That's why the site guidelines ask you to flag instead of replying.

https://news.ycombinator.com/newsguidelines.html

dang2• 7 years ago

Please don't take HN further into political flamewar. Also, please don't call names.

https://news.ycombinator.com/newsguidelines.html

Elizabeth Warren's Banking Sector Napalm

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