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As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.
Original Article: Hair of the Dog — Progressives in Congress Need Another Hit of Low Interest Rates
By Mises Institute4.7
9393 ratings
As artificially low interest rates damage the economy, progressives in Congress demand more of the same. In the vernacular, they want the economy to “take the hair of the dog that bit them.” Of course, this only makes things worse in the long run—which is where we are today.
Original Article: Hair of the Dog — Progressives in Congress Need Another Hit of Low Interest Rates

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