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View Full Version : How often does the Federal Reserve laugh?




VoluntaryAmerican
12-04-2012, 02:11 AM
When the Federal Reserve released it 2006 meeting notes, two things quickly came to the forefront: the Fed’s overly optimistic predictions about the economy, and the preponderance of bad jokes and laugh lines. “The current Monetary Policy Report is really terrible. It’s dull; it’s sex made boring,” quipped one Fed governor. As it turns out, 2006 was actually a record year for recorded laughter at the central bank. Noticing the preponderance of guffaws — noted as “[laughter]” in the transcripts — The Daily Stag Hunt went through all the transcripts from 2001 to 2006 to track the trend in recorded laughter.

"The number of recorded laughs actually increased in frequency from 2000 to 2006,” the Daily Stag Hunt explains. “In 2001, the FOMC erupted into laughter 16.5 times per meeting on average. In 2003, it was over 19. In 2005, 27. And then in 2006, the FOMC burst into laughter nearly 44 times per meeting!”

http://www.washingtonpost.com/blogs/wonkblog/post/how-often-the-federal-reserve-laughs-in-one-chart/2012/01/20/gIQAqSOgDQ_blog.html