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.
Green Berets Deploy Ship-Killing Drone in Luzon Strait Maritime Strike Exercise
English Summary
U.S. special forces conducted a maritime strike exercise in the Luzon Strait, deploying advanced, explosive-laden unmanned surface vessels (USVs) and other drone systems. This deployment, utilizing technology similar to those seen in the Black Sea, demonstrates the integration of low-range, mass-strike capabilities into U.S.-Philippine joint operations. Strategically, this signals the U.S. Indo-Pacific Command's preparation for a "hellscape" concept—relying on overwhelming drone saturation to counter potential Chinese naval forces. This escalation increases military readiness and regional tension in the critical Taiwan flashpoint.
中文摘要
美國特種部隊在呂宋海峽進行了一場海空打擊演習，部署了裝載爆炸物的先進無人水面器（USVs）及其他無人機系統。此次部署利用的技術類似於黑海地區的戰術，展示了美國與菲律賓聯合行動如何整合低射程、大規模打擊能力。從戰略角度來看，這表明美國印太司令部正為一種「戰場地獄」（hellscape）概念做準備——即依賴無人機的壓倒性飽和攻擊來應對潛在的中國海軍力量。此番升級提高了軍事戰備狀態，並加劇了關鍵的台灣熱點地區的區域緊張局勢。
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