diff --git a/mustache-sharp.test/FormatCompilerTester.cs b/mustache-sharp.test/FormatCompilerTester.cs
index ad563e5..b57d1fc 100644
--- a/mustache-sharp.test/FormatCompilerTester.cs
+++ b/mustache-sharp.test/FormatCompilerTester.cs
@@ -1387,5 +1387,69 @@ Odd
 		}
 
         #endregion
+
+        #region Strings
+
+        /// <summary>
+        /// We will use a string variable to determine whether or not to print out a line.
+        /// </summary>
+        [TestMethod]
+        public void TestCompile_StringArgument_PassedToTag()
+        {
+            FormatCompiler compiler = new FormatCompiler();
+            const string format = @"{{#if 'hello'}}Hello{{/if}}";
+            Generator generator = compiler.Compile(format);
+            string actual = generator.Render(null);
+            string expected = "Hello";
+            Assert.AreEqual(expected, actual, "The string was not passed to the formatter.");
+        }
+
+        /// <summary>
+        /// We will use a string variable to determine whether or not to print out a line.
+        /// </summary>
+        [TestMethod]
+        public void TestCompile_EmptyStringArgument_PassedToTag()
+        {
+            FormatCompiler compiler = new FormatCompiler();
+            const string format = @"{{#if ''}}Hello{{/if}}";
+            Generator generator = compiler.Compile(format);
+            string actual = generator.Render(null);
+            string expected = "";
+            Assert.AreEqual(expected, actual, "The string was not passed to the formatter.");
+        }
+
+        #endregion
+
+        #region Numbers
+
+        /// <summary>
+        /// We will use a number variable to determine whether or not to print out a line.
+        /// </summary>
+        [TestMethod]
+        public void TestCompile_NumberArgument_PassedToTag()
+        {
+            FormatCompiler compiler = new FormatCompiler();
+            const string format = @"{{#if 4}}Hello{{/if}}";
+            Generator generator = compiler.Compile(format);
+            string actual = generator.Render(null);
+            string expected = "Hello";
+            Assert.AreEqual(expected, actual, "The number was not passed to the formatter.");
+        }
+
+        /// <summary>
+        /// We will use a string variable to determine whether or not to print out a line.
+        /// </summary>
+        [TestMethod]
+        public void TestCompile_ZeroNumberArgument_PassedToTag()
+        {
+            FormatCompiler compiler = new FormatCompiler();
+            const string format = @"{{#if 00.0000}}Hello{{/if}}";
+            Generator generator = compiler.Compile(format);
+            string actual = generator.Render(null);
+            string expected = "";
+            Assert.AreEqual(expected, actual, "The number was not passed to the formatter.");
+        }
+
+        #endregion
     }
 }
diff --git a/mustache-sharp/ArgumentCollection.cs b/mustache-sharp/ArgumentCollection.cs
index 97d41f8..07c23af 100644
--- a/mustache-sharp/ArgumentCollection.cs
+++ b/mustache-sharp/ArgumentCollection.cs
@@ -9,25 +9,25 @@ namespace Mustache
     /// </summary>
     internal sealed class ArgumentCollection
     {
-        private readonly Dictionary<TagParameter, string> _argumentLookup;
+        private readonly Dictionary<TagParameter, IArgument> _argumentLookup;
 
         /// <summary>
         /// Initializes a new instance of an ArgumentCollection.
         /// </summary>
         public ArgumentCollection()
         {
-            _argumentLookup = new Dictionary<TagParameter, string>();
+            _argumentLookup = new Dictionary<TagParameter, IArgument>();
         }
 
         /// <summary>
         /// Associates the given parameter to the key placeholder.
         /// </summary>
         /// <param name="parameter">The parameter to associate the key with.</param>
-        /// <param name="key">The key placeholder used as the argument.</param>
+        /// <param name="key">The argument.</param>
         /// <remarks>If the key is null, the default value of the parameter will be used.</remarks>
-        public void AddArgument(TagParameter parameter, string key)
+        public void AddArgument(TagParameter parameter, IArgument argument)
         {
-            _argumentLookup.Add(parameter, key);
+            _argumentLookup.Add(parameter, argument);
         }
 
         /// <summary>
@@ -36,10 +36,10 @@ namespace Mustache
         /// <param name="parameterName">The name of the parameter.</param>
         public string GetKey(TagParameter parameter)
         {
-            string key;
-            if (_argumentLookup.TryGetValue(parameter, out key))
+            IArgument argument;
+            if (_argumentLookup.TryGetValue(parameter, out argument) && argument != null)
             {
-                return key;
+                return argument.GetKey();
             }
             else
             {
@@ -56,20 +56,16 @@ namespace Mustache
         public Dictionary<string, object> GetArguments(Scope keyScope, Scope contextScope)
         {
             Dictionary<string, object> arguments = new Dictionary<string,object>();
-            foreach (KeyValuePair<TagParameter, string> pair in _argumentLookup)
+            foreach (KeyValuePair<TagParameter, IArgument> pair in _argumentLookup)
             {
                 object value;
                 if (pair.Value == null)
                 {
                     value = pair.Key.DefaultValue;
                 }
-                else if (pair.Value.StartsWith("@"))
-                {
-                    value = contextScope.Find(pair.Value.Substring(1));
-                }
                 else
                 {
-                    value = keyScope.Find(pair.Value);
+                    value = pair.Value.GetValue(keyScope, contextScope);
                 }
                 arguments.Add(pair.Key.Name, value);
             }
@@ -78,7 +74,7 @@ namespace Mustache
 
         public Dictionary<string, object> GetArgumentKeyNames()
         {
-            return _argumentLookup.ToDictionary(p => p.Key.Name, p => (object)p.Value);
+            return _argumentLookup.ToDictionary(p => p.Key.Name, p => (object)GetKey(p.Key));
         }
     }
 }
diff --git a/mustache-sharp/FormatCompiler.cs b/mustache-sharp/FormatCompiler.cs
index f9dfea1..530eb92 100644
--- a/mustache-sharp/FormatCompiler.cs
+++ b/mustache-sharp/FormatCompiler.cs
@@ -152,7 +152,7 @@ namespace Mustache
 
         private static string getKeyRegex()
         {
-            return @"((?<key>@?" + RegexHelper.CompoundKey + @")(,(?<alignment>(\+|-)?[\d]+))?(:(?<format>.*?))?)";
+            return @"((?<key>" + RegexHelper.CompoundKey + @")(,(?<alignment>(\+|-)?[\d]+))?(:(?<format>.*?))?)";
         }
 
         private static string getTagRegex(TagDefinition definition)
@@ -164,8 +164,8 @@ namespace Mustache
             foreach (TagParameter parameter in definition.Parameters)
             {
                 regexBuilder.Append(@"(\s+?");
-                regexBuilder.Append(@"(?<argument>(@?");
-                regexBuilder.Append(RegexHelper.CompoundKey);
+                regexBuilder.Append(@"(?<argument>(");
+                regexBuilder.Append(RegexHelper.Argument);
                 regexBuilder.Append(@")))");
                 if (!parameter.IsRequired)
                 {
@@ -341,28 +341,46 @@ namespace Mustache
             foreach (var pair in arguments)
             {
                 string placeholder = pair.Value;
+                IArgument argument = null;
                 if (placeholder != null)
                 {
                     if (placeholder.StartsWith("@"))
                     {
+                        string variableName = placeholder.Substring(1);
                         VariableFoundEventArgs args = new VariableFoundEventArgs(placeholder.Substring(1), String.Empty, String.Empty, context.ToArray());
                         if (VariableFound != null)
                         {
                             VariableFound(this, args);
-                            placeholder = "@" + args.Name;
+                            variableName = args.Name;
+                        }
+                        argument = new VariableArgument(variableName);
+                    }
+                    else if (RegexHelper.IsString(placeholder))
+                    {
+                        string value = placeholder.Trim('\'');
+                        argument = new StringArgument(value);
+                    }
+                    else if (RegexHelper.IsNumber(placeholder))
+                    {
+                        decimal number;
+                        if (Decimal.TryParse(placeholder, out number))
+                        {
+                            argument = new NumberArgument(number);
                         }
                     }
                     else
                     {
+                        string placeholderName = placeholder;
                         PlaceholderFoundEventArgs args = new PlaceholderFoundEventArgs(placeholder, String.Empty, String.Empty, context.ToArray());
                         if (PlaceholderFound != null)
                         {
                             PlaceholderFound(this, args);
-                            placeholder = args.Key;
+                            placeholderName = args.Key;
                         }
+                        argument = new PlaceholderArgument(placeholderName);
                     }
                 }
-                collection.AddArgument(pair.Key, placeholder);
+                collection.AddArgument(pair.Key, argument);
             }
             return collection;
         }
diff --git a/mustache-sharp/IArgument.cs b/mustache-sharp/IArgument.cs
new file mode 100644
index 0000000..4877cc2
--- /dev/null
+++ b/mustache-sharp/IArgument.cs
@@ -0,0 +1,14 @@
+using System;
+using System.Collections.Generic;
+using System.Linq;
+using System.Text;
+
+namespace Mustache
+{
+    public interface IArgument
+    {
+        string GetKey();
+
+        object GetValue(Scope keyScope, Scope contextScope);
+    }
+}
diff --git a/mustache-sharp/NumberArgument.cs b/mustache-sharp/NumberArgument.cs
new file mode 100644
index 0000000..ec40ae4
--- /dev/null
+++ b/mustache-sharp/NumberArgument.cs
@@ -0,0 +1,24 @@
+using System;
+
+namespace Mustache
+{
+    public class NumberArgument : IArgument
+    {
+        private readonly decimal value;
+
+        public NumberArgument(decimal value)
+        {
+            this.value = value;
+        }
+
+        public string GetKey()
+        {
+            return null;
+        }
+
+        public object GetValue(Scope keyScope, Scope contextScope)
+        {
+            return value;
+        }
+    }
+}
diff --git a/mustache-sharp/PlaceholderArgument.cs b/mustache-sharp/PlaceholderArgument.cs
new file mode 100644
index 0000000..39047f3
--- /dev/null
+++ b/mustache-sharp/PlaceholderArgument.cs
@@ -0,0 +1,24 @@
+using System;
+
+namespace Mustache
+{
+    public class PlaceholderArgument : IArgument
+    {
+        private readonly string name;
+
+        public PlaceholderArgument(string name)
+        {
+            this.name = name;
+        }
+
+        public string GetKey()
+        {
+            return name;
+        }
+
+        public object GetValue(Scope keyScope, Scope contextScope)
+        {
+            return keyScope.Find(name);
+        }
+    }
+}
diff --git a/mustache-sharp/RegexHelper.cs b/mustache-sharp/RegexHelper.cs
index c6738cb..c3bbc1a 100644
--- a/mustache-sharp/RegexHelper.cs
+++ b/mustache-sharp/RegexHelper.cs
@@ -6,10 +6,13 @@ namespace Mustache
     /// <summary>
     /// Provides utility methods that require regular expressions.
     /// </summary>
-    public static class RegexHelper
+    internal static class RegexHelper
     {
-        internal const string Key = @"[_\w][_\w\d]*";
-        internal const string CompoundKey = Key + @"(\." + Key + ")*";
+        public const string Key = @"[_\w][_\w\d]*";
+        public const string String = @"'.*?'";
+        public const string Number = @"[-+]?\d*\.?\d+";
+        public const string CompoundKey = "@?" + Key + @"(?:\." + Key + ")*";
+        public const string Argument = @"(?:(?<arg_key>" + CompoundKey + @")|(?<arg_string>" + String + @")|(?<arg_number>" + Number + @"))";
 
         /// <summary>
         /// Determines whether the given name is a legal identifier.
@@ -25,5 +28,25 @@ namespace Mustache
             Regex regex = new Regex("^" + Key + "$");
             return regex.IsMatch(name);
         }
+
+        public static bool IsString(string value)
+        {
+            if (value == null)
+            {
+                return false;
+            }
+            Regex regex = new Regex("^" + String + "$");
+            return regex.IsMatch(value);
+        }
+
+        public static bool IsNumber(string value)
+        {
+            if (value == null)
+            {
+                return false;
+            }
+            Regex regex = new Regex("^" + Number + "$");
+            return regex.IsMatch(value);
+        }
     }
 }
diff --git a/mustache-sharp/StringArgument.cs b/mustache-sharp/StringArgument.cs
new file mode 100644
index 0000000..36aeec6
--- /dev/null
+++ b/mustache-sharp/StringArgument.cs
@@ -0,0 +1,24 @@
+using System;
+
+namespace Mustache
+{
+    public class StringArgument : IArgument
+    {
+        private readonly string value;
+
+        public StringArgument(string value)
+        {
+            this.value = value;
+        }
+
+        public string GetKey()
+        {
+            return null;
+        }
+
+        public object GetValue(Scope keyScope, Scope contextScope)
+        {
+            return value;
+        }
+    }
+}
diff --git a/mustache-sharp/VariableArgument.cs b/mustache-sharp/VariableArgument.cs
new file mode 100644
index 0000000..c59e128
--- /dev/null
+++ b/mustache-sharp/VariableArgument.cs
@@ -0,0 +1,24 @@
+using System;
+
+namespace Mustache
+{
+    public class VariableArgument : IArgument
+    {
+        private readonly string name;
+
+        public VariableArgument(string name)
+        {
+            this.name = name;
+        }
+
+        public string GetKey()
+        {
+            return null;
+        }
+
+        public object GetValue(Scope keyScope, Scope contextScope)
+        {
+            return contextScope.Find(name);
+        }
+    }
+}
diff --git a/mustache-sharp/mustache-sharp.csproj b/mustache-sharp/mustache-sharp.csproj
index 7e35b1b..22eecdc 100644
--- a/mustache-sharp/mustache-sharp.csproj
+++ b/mustache-sharp/mustache-sharp.csproj
@@ -40,7 +40,12 @@
     <Compile Include="ContentTagDefinition.cs" />
     <Compile Include="Context.cs" />
     <Compile Include="ContextParameter.cs" />
+    <Compile Include="IArgument.cs" />
+    <Compile Include="NumberArgument.cs" />
+    <Compile Include="PlaceholderArgument.cs" />
+    <Compile Include="StringArgument.cs" />
     <Compile Include="UpcastDictionary.cs" />
+    <Compile Include="VariableArgument.cs" />
     <Compile Include="VariableFoundEventArgs.cs" />
     <Compile Include="SetTagDefinition.cs" />
     <Compile Include="NewlineTagDefinition.cs" />