Mike Konczal explains why former deflation hawk Ben Bernanke is so reluctant to act

The real worry is that [Hoeing and Kocherlakota] are performing a type of inception on you, and you’ll wake up from a dream within a dream within a dream and think “Well 6.5% unemployment isn’t that bad for Kansas. It’s actually a pretty respectable number, all things considered” and you’ll think you came up with that argument yourself.

Ben, ask yourself this: Do you remember how you got into this recession.

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