King Dollar Naysayer Nonsense

Larry Kudlow, Investor’s Business Daily
Despite the conventional criticisms of the financial commentariat, both theory and evidence argue for a strong, stable and reliable currency as a crucial channel to prosperity. Just think of the reverse: If you could devalue your way into prosperity, Argentina would be the center of the world economy.But lately, a loud and growing chorus is blaming the rising U.S. greenback for just about everything. “Multinational profits will suffer.” “Imports and trade deficits will hammer the economy.” “Stocks will fall.” “Recession looms.”Wall Street insists that King Dollar is bad. It is wrong.This…