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 Supreme Court’s Cisco Ruling Clears the Way for U.S. Tech to Aid Repression Abroad
English Summary
The Supreme Court’s ruling in Cisco v. Doe significantly restricts U.S. corporate liability under federal law for complicity in overseas human rights abuses. By limiting the scope of international norms and denying aiding and abetting claims, the court effectively shields technology corporations from accountability even when their products are used by repressive regimes to commit atrocities. This legal precedent lowers the barrier for U.S. tech companies to enable foreign governments—including authoritarian states—to conduct surveillance, repression, and human rights violations globally. The decision has profound implications, potentially turning the United States into a safe harbor for digital abusers.
中文摘要
最高法院在「Cisco 訴 Doe」一案中的裁決，顯著限制了美國企業根據聯邦法律對參與海外人權侵犯行為的共謀責任。該判例透過縮減國際規範的適用範圍並否認協助與教唆的指控，實質上使科技公司免於問責追究，即使其產品被壓迫政權用於實施暴行。此法律先例降低了美國科技企業賦能外國政府（包括威權國家）在全球進行監控、鎮壓和侵犯人權行為的門檻。這項決定具有深遠的影響，可能使美國成為數位濫用者的庇護所。
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