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.
The Specter of Genocide Returns to Darfur
English Summary
The conflict in Sudan has reached a critical juncture with evidence indicating a 'genocidal path' in El Fasher, where the Rapid Support Forces (RSF) have allegedly conducted systematic mass killings and sexual violence against non-Arab ethnic groups. Reports from a UN Fact-Finding Mission document extreme atrocities, including the use of starvation as a weapon of war and the execution of thousands of civilians following a prolonged siege. To address these crimes, the international community must expand the International Criminal Court's jurisdiction throughout Sudan and implement strict measures to terminate external arms flows that sustain the warring parties.
中文摘要
蘇丹衝突已進入關鍵時刻，證據顯示法希爾（El Fasher）正步向「種族滅絕之路」，據稱快速支援部隊（RSF）針對非阿拉伯族裔進行了系統性的大規模屠殺和性暴力。聯合國事實調查團的報告記錄了極端暴行，包括將飢餓作為戰爭武器，以及在長期圍城後處決數千名平民。為應對這些罪行，國際社會必須將國際刑事法院的管轄權擴展至蘇丹全境，並採取嚴厲措施阻斷維持交戰方運作的外部武器供應。
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