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.
Public Opinion on Legalizing Psychedelics
English Summary
A RAND survey of over 10,000 U.S. adults reveals that while broad support for legalizing psychedelics remains low compared to cannabis, there is significant public backing for their use in controlled medical and therapeutic settings. The study found that 23% support legal psilocybin use, with nearly half of respondents endorsing supervised administration at medical facilities to address specific health conditions. These findings suggest that public opinion is currently more aligned with medicalized models rather than open retail markets or personal cultivation. For policymakers, this indicates that legislative efforts focusing on supervised therapeutic access are likely to receive more public support than broader legalization frameworks.
中文摘要
RAND 一項針對 10,000 多名美國成年人的調查顯示，雖然公眾對迷幻藥合法化的廣泛支持度仍低於大麻，但在受控的醫療和治療環境中使用迷幻藥已獲得顯著的支持。研究發現，23% 的人支持合法使用裸蓋菇素，近半數受訪者支持在醫療機構的監督下施用，以治療特定的健康狀況。這些發現表明，目前的公眾輿論更傾向於醫療化模式，而非開放的零售市場或個人種植。對於政策制定者而言，這意味著側重於受監督治療用途的立法工作，相較於更廣泛的合法化框架，更可能獲得公眾支持。
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