Are We Still Being Forced to Choose Between Bad and Less Bad Options?

Sally Kohn: Are we still being forced to choose between bad and less bad options? She says low interest rates generate their own cruel perversities even though high interest rates would be far worse. But she adds that there's also an opportunity here to think about more creative uses of the central bank itself. The Fed has a wide range of regulatory tools to use in regulating finance, writes Kohn.