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Wednesday summary: Domitrovic on Don Devine; Jenkins on inequality; PIIE’s Lardy on the yuan.

From Forbes, Brian Domitrovic highlights Donald Devine’s spending cuts during the Reagan era.

At The WSJ, Holman Jenkins diagnoses inequality obsession.

In The WSJ, Stephen Moore notes the Senate vote on the Republican small business tax bill.

On The Kudlow Report, Sen. Kay Bailey-Hutchison (TX) debates the plan:

The WSJ explains that yuan convertibility will require substantial financial liberalization in China.

From the Peterson Institute for International Economics, Nicholas Lardy argues that with its current account surplus down and its currency higher, there’s no cause to press China to raise the yuan further.

And on the downside, The Washington Post reports PIIE chief Fred Bergsten making common cause with Occupy Wall Street.

On TGSN, Ralph Benko highlights a pro-gold article by Princeton scholar and one-time Ben Bernanke collaborator Harold James.

At The American, James Pethokoukis critiques arguments that the US should return to 1950s tax rates.

From First Trust, Brian Wesbury suggests big government doesn’t make one any more secure from life’s risks.

In The WSJ, US Trade Rep. Ron Kirk notes rising export of US services.

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