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Thursday items: Forbes on Europe and Japan; Shlaes on supply-side austerity; Goldman on the rising dollar.

From Forbes, Steve Forbes wonders if the US can save Europe and Japan.

On Bloomberg, Amity Shlaes defends supply-side calls for fiscal austerity.

The Washington Post reports the dollar’s rise against the euro.

On The Kudlow Report, David Goldman discusses the rising dollar and the possibility of deflation:

From NRO, Larry Kudlow advocates extending the Bush tax rates.

On Calafia Beach Pundit, Scott Grannis links Fed policy to economic growth.

At IBD, Greg Hayes suggests the US would be more competitive with a territorial tax system.

The WSJ’s Notable & Quotable quotes actor Will Smith discussing tax rates on French TV:

Smith: I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here—I’m a black man who didn’t go to college, yet I get to travel around the world and sell my movies, and I believe very firmly that America is the only place on Earth that I could exist. So I will pay anything that I need to pay to keep my country growing. . . .

Interviewer: Do you know how much in France you would have to pay on earnings above one million euros [under new French President Francois Hollande’s proposal]? Not 30%. 75%.

Smith: 75?! Yeah, that’s different, that’s different. Yeah, 75. Well, you know, God bless America.

In The WSJ, Allan Meltzer argues financial firms must be free to take risks, not regulated more.

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