Bernanke - Even absent [risks of deflation], low and falling inflation indicate that the economy has considerable spare capacity, implying that there is scope for monetary policy to support further gains in employment without risking economic overheating.
Sumner - The stock market seems like a lonely girl who laps up anything she hears from a sweet-talking guy with a very big wallet in his back pocket.
Yglesias on an unrelated issue: Many older white people in this country are in practice torn between libertarian and cranky authoritarian strains of rightwing politics, and the recession has brought out the cranky in spades.
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