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Research Finds Link Between Inflation and Laughter In Federal Reserve Meetings

Posted by samzenpus on from the wild-ride dept.

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."

1 of 144 comments (clear)

  1. Re:So? by tmosley · · Score: 5, Insightful

    That is incorrect. Inflation is great for those who get to print it. The Fed and thus the banks are the ones that get first access to that money, and get to charge interest on it, interest that can mathematically be paid from no source except default. Default destroys resources. This monetary system thus forces destruction of resources through malinvestment.

    Money is not wealth. Money is a CLAIM on wealth, which is composed of real things. Printing money does not create more wealth--it just dilutes it, and redistributes it to those who get first access to the printed money.