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

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-dollar.html 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-to-maintain-the-dollars-privileged-position/ https://qz.com/1266044/why-does-the-us-run-a-trade-deficit-t... https://en.wikipedia.org/wiki/Triffin_dilemma https://en.wikipedia.org/wiki/Triffin_dilemma