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.
Vaccine Skepticism Has Risen in the U.S.—And in Many Other Countries
English Summary
Global public trust in vaccines is declining significantly, posing a major threat to decades of immunization progress. This skepticism is fueled by the proliferation of misinformation and the increasing politicization of public health, manifesting in partisan divides (e.g., the U.S.) and across multiple regions. The consequences are already visible, including the loss of measles elimination status in several European countries and rising outbreaks. Policymakers must therefore treat vaccine hesitancy not merely as a medical issue, but as a complex challenge requiring strategies to counter misinformation and rebuild public trust and political will.
中文摘要
全球公眾對疫苗的信任度正在顯著下降,這對數十年來累積的免疫進展構成重大威脅。這種懷疑態度源於錯誤資訊的泛濫,以及公共衛生日益政治化,其表現形式體現在黨派分歧(例如美國)和多個地區。其後果已顯現,包括數個歐洲國家失去麻疹消除地位,以及疫情爆發的上升趨勢。因此,政策制定者必須將疫苗猶豫不應僅視為一個醫療問題,而應將其視為一個複雜的挑戰,需要制定策略來對抗錯誤資訊,並重建公眾信任和政治意願。
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