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’s Way of War
English Summary
The article critiques the nature of U.S. military conflict, arguing that actions—such as recent strikes on Iran—are often initiated with minimal transparency and unclear strategic objectives. Key evidence cited includes the rapid military buildup and subsequent conflict occurring despite ongoing diplomatic negotiations, coupled with a notable absence of national debate, allied consultation, or Congressional authorization. This pattern suggests that U.S. interventions may be poorly defined and lack a cohesive, publicly articulated post-conflict strategy, raising significant concerns about regional stability and predictable policy outcomes.
中文摘要
本文批判了美國軍事衝突的本質，主張其行動——例如近期針對伊朗的打擊——往往在極度缺乏透明度且戰略目標不明確的情況下發起。引用的關鍵證據包括：儘管外交談判仍在進行，美國仍迅速進行軍事部署並隨後發生衝突；同時，國家層面的辯論、盟國協商或國會授權卻顯著缺失。這種模式顯示，美國的干預行動可能定義不清，且缺乏一個協調一致、公開闡明的戰後策略，這對區域穩定和可預測的政策結果提出了重大擔憂。
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