The article argues that current market borrowing costs are rising independently of the Federal Reserve's policy stance, challenging the assumption that the Fed controls all rates. Evidence shows significant increases in key rates—such as 2-year Treasuries and mortgages—even while the effective federal funds rate remains steady. This divergence occurs because market rates reflect complex factors like inflation expectations, credit risk, and geopolitical volatility, which are outside the central bank's direct control. Policymakers should therefore recognize that sustainable rate moderation requires credible disinflation and disciplined government budgets, rather than relying solely on Fed intervention.
SC Public Interest Foundation v. SLED Brief: Auto-License Plate Reader Database Endangers SCs' Privacy and Security
English Summary
The CATO brief argues that South Carolina's Automatic License Plate Reader (ALPR) database constitutes a comprehensive, unchecked state surveillance system that poses severe risks to civil liberties and privacy. The system collects massive amounts of location data, which, once accessed, can expose highly sensitive personal information (e.g., political or medical affiliations) without requiring any evidentiary threshold. The primary danger highlighted is 'mission creep,' where technology initially justified for serious crime is inevitably misused for routine enforcement and political monitoring. Policy-wise, the brief warns that allowing this unchecked data collection sets a dangerous precedent, inviting the deployment of a full 'panopticon' of government monitoring technologies that track citizens' movements without due process.
中文摘要
CATO 的報告指出，南卡羅來納州的自動車牌識別系統（ALPR）資料庫構成了一個全面且不受約束的州級監控體系，對公民自由和隱私構成嚴重威脅。該系統收集了大量的地理位置數據，一旦被存取，便可在無需任何證據門檻的情況下，洩露高度敏感的個人資訊（例如政治或醫療從屬關係）。報告強調的主要危險是「用途擴張」（mission creep）：最初為嚴重犯罪辯護的技術，最終不可避免地會被濫用於常規執法和政治監控。從政策層面來看，該報告警告稱，允許這種不受約束的數據收集會樹立一個危險的先例，可能引導政府部署一套完整的「全景監控」（panopticon）技術，從而追蹤公民的行動，而缺乏正當法律程序保障。
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