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.
Misplaced Mercy Repeat Violent Offenders
English Summary
The article argues that the criminal justice system frequently fails to protect the public from repeat violent offenders due to misplaced mercy and insufficient sentencing. Using examples of high-profile cases in Boston and Washington D.C., the author demonstrates that current leniency minimizes the threat posed by individuals who have proven themselves lethal. To ensure public safety, the policy recommendation is to drastically reduce the scope of the criminal code while mandating that those who pose an existential danger are incapacitated for the necessary duration. This reform must prioritize the state's duty to protect the community over political ideology or overly broad social welfare measures.
中文摘要
本文論述刑事司法體系常因過度的寬容和量刑不足，未能有效保護公眾免受反覆的暴力犯罪者侵害。作者援引波士頓和華盛頓特區的知名案例，指出現行的寬鬆政策淡化了那些已證明具有致命威脅的個體所構成的風險。為確保公共安全，政策建議是大幅縮減刑法範圍，同時強制要求那些構成生存威脅的個體必須被隔離，直到其危險性解除。此項改革必須將國家保護社區的義務置於政治意識形態或過於廣泛的社會福利措施之上。
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