The Weak Dollar Problem | Steve H. Hanke | Cato Institute: Commentary

The Weak Dollar Problem | Steve H. Hanke | Cato Institute: Commentary: "For each 1% decline in the dollar against the euro, there was on average a 0.5% increase in the price of oil. The biggest single contributor to oil price increases in recent months is not located in Libya, but at the headquarters of the Federal Reserve in Washington, D.C."