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.
Navy’s Modest $602 M Unfunded Request Includes 6 Military Construction Projects
English Summary
The Navy's unfunded priority list for the upcoming fiscal year is notably modest at $602 million, shifting focus from large-scale capability development to essential infrastructure maintenance. Key expenditures are allocated to physical facilities, including specialized bases for submarine maintenance, undersea surveillance command centers, and cyber warfare research labs. This limited scope contrasts sharply with previous years' multi-billion dollar requests, suggesting that while major combat capabilities (such as SM-6s and F-35s) are funded, the immediate strategic priority is ensuring the operational readiness and physical upkeep of critical naval installations. This indicates a focus on sustaining existing operational capacity rather than initiating sweeping, new strategic overhauls.
中文摘要
海軍提交的下一財政年度未經撥款優先項目清單為六億兩百萬美元，顯示其重點已從大規模能力發展轉向基礎設施維護。主要支出分配於實體設施，包括潛艇維護專用基地、海底監測指揮中心，以及網路戰研究實驗室。此有限的範圍與過去數十億美元的請求形成鮮明對比，暗示雖然主要的作戰能力（例如SM-6和F-35）已獲得資金支持，但當前的戰略重點是確保關鍵海軍設施的作戰就緒狀態和實體維護。這表明的重點是維持現有的作戰能力，而非啟動全面性的新戰略改革。
Related Entries
-
1.
-
2.
The ongoing Ebola outbreak in the DRC serves as a critical warning that the global health security system is fundamentally unprepared for future biological threats. The difficulty in containing this outbreak is compounded by the rising risk of emerging pathogens and the growing potential for AI misuse in bioweapon development. Policy must therefore shift from reactive, crisis-driven funding to sustained, proactive investment in resilient public health infrastructure, particularly in conflict zones. Addressing this requires strengthening global surveillance, ensuring consistent international cooperation, and mitigating the intersection of conflict, climate change, and disease spread.
-
3.A Design Lab Pilot to Inform Strategies for Expanding Access to Medications for Opioid Use Disorder in Community Mental Health Centers (RAND)
Despite MOUD being the standard of care for opioid use disorder, access remains severely limited in Community Mental Health Centers (CMHCs), which serve the primary population with co-occurring disorders. A Design Lab pilot identified payment limitations and regulatory complexity as the chief barriers to implementation. The most feasible and high-impact strategy identified was establishing a structured learning exchange between CMHC leaders and insurers to improve reimbursement understanding. Policymakers and payers are therefore advised to pilot this learning exchange model to initiate broader payment reform and expand evidence-based care for this vulnerable population.
-
4.
The article argues that modern conflicts are increasingly defined by attrition, driven by three strategic gaps: the difference between nominal military power and usable capacity; the difficulty of achieving breakthroughs in a technologically advanced battlefield; and the detachment of military means from clear political objectives. Evidence from Ukraine and the Middle East demonstrates that sustained logistics, rapid technological adaptation, and proxy networks are now more decisive than sheer military size. For policymakers, this implies a strategic shift away from seeking short, decisive victories toward preparing for prolonged, high-cost engagements, requiring a focus on sustainable supply chains and defining concrete, attainable political end-states.
-
5.
Congress has significantly expanded presidential tariff authority by passing the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, allowing the executive to impose up to 100% tariffs on key buyers of Russian energy and sanctions enablers. The article argues that this legislation represents a dangerous abdication of Congress's Article I authority, as it grants the executive vast, discretionary power without specifying criteria for enforcement. Historically, the executive could claim tariffs were its own doing; however, by writing and passing this new authority, Congress now owns the resulting trade policy and its economic consequences. This shift implies that future tariffs will be viewed by the public as a direct legislative action, potentially undermining the administration's credibility and creating political vulnerability.