This Is Getting Ridiculous

A relatively weaker dollar is favorable to domestic industry because it makes domestically produced goods cheaper both at home and abroad, while making imported goods more expensive. Thus, in a time where American industry is struggling to compete with new industries in places like India and China, it makes sense to have a slightly weaker currency. But this is getting ridiculous. With the prices of oil and other commodities going through the roof as a result of the weak dollar, now being made weaker by the Federal Reserve's latest injection of liquidity into the market (though it may not be as bad as I think), I have to agree with Larry Kudlow: "It's time to resurrect King Dollar."