Elizabeth Warren's Banking Sector Napalm | Hacker News Reader

Elizabeth Warren's Banking Sector Napalm

thereformedbroker.com

31 pointshoward9418 comments

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

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."

Awesome. Good for her.

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.

Your effort here is poor. Do better next time.

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

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

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

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

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