Dealing with the over valued dollar

Elizabeth Warren released an “American jobs” plan recently. It includes several trade and manufacturing policies intended to benefit American workers and companies. Wall Street responded with righteous indignation, which suggests she may have hit a nerve.

One element of her plan most likely explains Wall Street’s angry reaction: a call to tackle America’s overvalued dollar.

The novel idea that the United States could achieve greater domestic prosperity by revaluing the dollar sounds obscure and a little risky. Who would want to tinker with our currency?

The reality is that China and about 20 other nations are already doing so. By using public capital to purchase huge quantities of United States government securities over the past two decades, they have driven up the value of the dollar to make their own exports supercompetitive.

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