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 Left’s Incurable DEI Addiction
English Summary
The article argues that despite public opposition and Supreme Court rulings against race-based admissions, the political Left continues employing what the author characterizes as discriminatory DEI policies to achieve racial preferences. Evidence cited includes Virginia's proposed HB 61 (mandating 42% of state contracts to minority/women-owned businesses with price-adjustment set-asides), declining Jewish enrollment at Harvard to 7% (lowest since WWII) following the 2023 Supreme Court decision, and the EU's Horizon Europe program ($100+ billion) conditioning research funding on DEI compliance. The Trump administration is pursuing legal challenges arguing these policies violate civil rights law and threaten to create a "balkanized" society with government-defined group rights.
中文摘要
該文章主張，儘管公眾反對和最高法院裁定禁止種族優先錄取，左翼政界仍繼續採用作者所稱的歧視性DEI政策，以實現種族偏好。引用的證據包括維吉尼亞州提議的HB 61法案（規定該州42%政府合同必須與少數族裔及女性企業簽訂，並設有價格調整條款）、哈佛大學在2023年最高法院裁決後猶太人招生人數降至7%（為二戰後最低）、以及歐盟地平線歐洲計畫（預算超過1000億美元）將研究經費與DEI合規掛鉤。特朗普政府正在發起法律訴訟，主張這些政策違反民權法律，並警告將導致一個由政府定義群體權利的「巴爾幹化」社會。
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