But raising interest rates now (which would depress the economy now) to avoid a possible financial crisis (which would depress the economy later) is a lot like destroying the village in order to save it.
Raising interest rates would help the economy.
mnli hypothesis: Raising interest rates would help the economy. premise: But raising interest rates now (which would depress the economy now) to avoid a possible financial crisis (which would depress the economy later) is a lot like destroying the village in order to save it.