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.
Trump Violated the Constitution by Trying to Deport US-Born Americans
English Summary
The article argues that attempts to restrict or ban birthright citizenship for US-born Americans violate fundamental constitutional rights, citing multiple instances where courts have found such immigration actions unconstitutional. Key evidence includes the Supreme Court's invalidation of Trump’s executive order in *Trump v. Barbara*, which affirmed the protection granted by the Fourteenth Amendment and highlighted that DHS often detains individuals without charges or removal orders. The implications are that despite legal setbacks, political opposition to birthright citizenship will persist, making its defense a critical policy battle necessary to protect civil liberties and encourage immigrant assimilation into American society.
中文摘要
本文論述，任何試圖限制或取消美國出生地公民權的行為，都違反了基本的憲法權利。文章引用了多起法院判決作為證據，指出此類移民行動缺乏合憲性。關鍵證據包括最高法院在《川普訴芭芭拉案》（Trump v. Barbara）中宣布無效化川普的行政命令，該判例重申了第十四修正案所賦予的保護，並強調國土安全部（DHS）經常在沒有指控或遣返令的情況下拘留個人。其意涵是，儘管法律上遭遇挫折，但政治上對出生地公民權的反對情緒仍將持續存在，因此捍衛此權利是一場至關重要的政策戰役，對於保護公民自由和促進移民融入美國社會具有必要性。
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