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.
Wheely v. NYC Brief: Rideshare Companies Shouldn't Have to Give the Government All Passenger and Trip Data
English Summary
The CATO brief argues that mandating rideshare companies to provide continuous, comprehensive passenger geolocation data to regulatory bodies constitutes an unreasonable search under the Fourth Amendment. The core legal challenge is that the current 'administrative search exception' allows for pervasive government surveillance without requiring judicial oversight or a warrant. If upheld, this ruling establishes a dangerous and replicable framework, enabling any regulatory agency to impose long-term location tracking on citizens. Policy implications suggest that such mandates threaten fundamental civil liberties by normalizing continuous digital monitoring of the populace.
中文摘要
CATO簡報主張，強制要求共乘服務公司向監管機構提供持續、全面的乘客地理位置數據，構成《第四修正案》下的不合理搜查。核心法律爭議在於現行的「行政搜查例外」允許政府進行普遍的監視行為，而無需事先獲得司法監督或搜查令。若此原則被確立，將建立一個危險且可複製的框架，使任何監管機構都能對公民實施長期位置追蹤。政策意涵指出，這類強制規定威脅到基本公民自由，透過常態化持續數位監控來侵犯民眾權益。
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