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Weekend update: Hanke on the weak dollar; Lewis on gold’s stability; Rutledge discusses China.

In Globe Asia, Cato’s Steve Hanke explains the problems caused by the weak dollar.

From New World Economics, Nathan Lewis argues gold’s value is fundamentally stable (part two, here.)

Heritage’s David Weinberger addresses income inequality.

On The Kudlow Report, John Rutledge discusses China growth and inflation:

In The Washington Post, routed presidential contender Walter Mondale congratulates the President for advocating tax increases.

From Reuters, James Pethokoukis reports the President’s deficit proposal may be heavily slanted towards higher tax rates.

At Capital Games and Games, Pete Davis notes the high taxes U.S. multinationals pay compared to their competition.

In The WSJ, former Sen. Phil Gramm (TX) explains the historically slow rate of growth under President Obama.

On Forbes, Peter Ferrara analyzes the President’s budget proposal.

On Kudlow, James Pethokoukis debates the President’s tax increase proposal:

At Forbes, Reuven Brenner advocates renewed focus on leveraging America’s talent.

With this weekend’s release of the Atlas Shrugged film, here’s an apropos quote from the book:

“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values… Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: ‘Account Overdrawn.'”

Washington Post columnist Charles Krauthammer notes that tax reform will allow the top tax rate to fall to 28 percent or less.

In The WSJ, David Beito recounts the tax revolt of the 1930s.

At Forbes, John Tamny argues college education is overrated.

On NRO, George Cassidy explains the role of high tax rates on the Beatles’ break up.

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