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Research Finds Link Between Inflation and Laughter In Federal Reserve Meetings
schliz writes "A one percentage point increase in an inflation forecast brings about a 75% rise in laughter, according to an American University PhD student, who studied transcripts of the Federal Open Market Committee at the Federal Reserve. Laughter usually comes in response to witticisms during a meeting at the time of the inflation forecast, and has been shown to be a mechanism for coping with the stress of a perceived threat."
Suppose you are wealthy. Suppose you gained your wealth largely by counterfeiting.
Is it to your net advantage to QE... er, counterfeit, a billion dollars, given there will be a slight increase in inflation as you spend it?
I'll let you work out the math here, or alternately note that counterfeiting is profitable, illegal and suppressed by legal force in the general case, excluding the Federal Reserve.
"Waah, the last few dollars of my income are taxed at a slightly higher rate, and I'm deliberately ignoring, for the sake of making my argument not completely retarded, that the government does inflation adjust tax brackets quite frequently."