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.
Maryland’s Assault on Private Education
English Summary
The article argues that Maryland's new legislation represents a significant effort by Democratic lawmakers to impose heavy-handed government regulations on private education and parental rights, regardless of whether state funds are involved. Key evidence cited is the passage of bills like HB 649, which extends state nondiscrimination rules to private schools, mandating standards that critics argue violate religious freedom. The policy implication is that the most effective defense against educational overreach is not school choice funding, but the expansion of parental freedom and the building of a strong, organized coalition of parents to resist authoritarian government control.
中文摘要
本文論述馬里蘭州的新立法，代表民主黨立法者試圖對私立教育和家長權利實施嚴苛的政府管制，無論是否涉及州資金。文中引用的關鍵證據包括通過的HB 649等法案，該法案將州級的非歧視規定延伸至私立學校，強制實施的標準據批評者主張違反了宗教自由。政策意涵指出，抵抗教育過度擴張（educational overreach）最有效的防禦手段，並非是學區選擇資金（school choice funding），而是擴大家長自由，並建立一個強大、有組織的家長聯盟來抵抗威權政府的控制。
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