The article argues that the Federal Reserve's recent rate hike decision, while justifiable on inflation grounds, highlights a critical lack of an underlying, transparent policy framework. The core problem is that the Fed's decisions appear discretionary, leading to market uncertainty because the committee's judgment, rather than clear data, dictates policy shifts. The author proposes that the Fed adopt a formal monetary policy rule—an algebraic formula linking the target rate to indicators like inflation and unemployment—to replace subjective guidance. Implementing such a rule would provide market predictability, enhance transparency, and shield the Fed from political attacks by making deviations from the standard easily quantifiable.
Government Defrauds Legal Immigrants and US Sponsors Who Paid $1 Billion in Fees
English Summary
The article argues that the US government is committing a $1 billion fraud by collecting immigration fees for services it has no intention of providing due to broad nationality-based bans. This claim is based on recent executive and departmental policies that freeze visa processing and benefit adjudications for citizens of up to 92 countries, often without statutory authority or prior notification to applicants. The author highlights that these measures disproportionately affect millions of legal applicants and calls for Congressional action to mandate fair adjudication and transparency in the immigration system.
中文摘要
本文主張美國政府正涉及一項 10 億美元的詐騙行為，原因在於政府一方面收取移民規費，另一方面卻因廣泛的國籍禁令而無意提供相應服務。該主張源於近期的行政與部門政策，這些政策凍結了多達 92 國公民的簽證處理與福利裁決，且往往缺乏法律授權，亦未事先通知申請人。作者強調，這些措施對數百萬合法申請人造成了不成比例的影響，並呼籲國會採取行動，強制要求移民系統落實公平裁決與透明度。
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