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.
These Churches Are Putting Family Before Politics
English Summary
The article argues that certain Black churches are successfully addressing declining marriage rates by prioritizing family restoration over political activism. Key evidence includes statistics showing high rates of out-of-wedlock births and examples of ministries (like those led by Pastor Jenkins) that focus on fatherhood, marital discipline, and stable home life. The piece implies that for deep community stability to occur, cultural efforts must center on strengthening the family unit—a model potentially replicable across demographics—rather than relying solely on political organizing or social justice advocacy.
中文摘要
本文主張，某些黑人教會透過將家庭重建置於政治行動之上，成功應對了婚育率下降的趨勢。主要證據包括顯示高比例非婚生子女的統計數據，以及專注於父職、婚姻紀律和穩定家庭生活的牧會範例（例如詹金斯牧師所領導的事工）。文章暗示，若要實現深層的社區穩定，文化努力必須圍繞加強家庭單位展開——這是一個可能跨族群複製的模型——而非僅依賴政治組織或社會正義倡議。
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