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How Is The FOMC Statement Like The IRS' Tax Code?

Submitted by Tyler Durden on 10/31/2013 11:51 -0400

While in a world of its own at over 4 million words, it would appear the US Tax Code has set a rather disturbing precedent that the Fed is now following...

Ironically, the major changes (5000 of them) started in 2001 for the IRS, and and as the chart above suggests - about the same time when the Fed decided moar was better and if everyone wants 'transparency' then baffles 'em with bullshit is the meme-du-decade.

Of course, while it would take 8,758 lifetimes to read the tax-code, Jon Hilsenrath can still read and write a competent article on the Fed minutes in under 6 minutes... get back to work Mr. Chairwoman.

(h/t @GreekFire23)

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Thu, 10/31/2013 - 11:53 | 4108721 quintago

More is moar.

Thu, 10/31/2013 - 11:57 | 4108740 Hedgetard55

Investing expert Hillary Clinton gets $400 large from Goldman for two speeches.

http://www.nationalreview.com/corner/362637/hillary-clintons-lucrative-goldman-sachs-speaking-gigs-alec-torres

Hey, she did turn $1,000 into $100,000 with cattle futures.

Thu, 10/31/2013 - 11:58 | 4108746 FieldingMellish

Her husband is an expert in pork(ing).

Thu, 10/31/2013 - 12:12 | 4108786 Manthong

Well, it takes one to know one..

she does have beefy cankles.

Thu, 10/31/2013 - 11:54 | 4108728 Seasmoke

baffle them with bullshit

Thu, 10/31/2013 - 11:57 | 4108741 Bearwagon

and never let them rest ... ever

Thu, 10/31/2013 - 11:55 | 4108733 OwnSilverPlayMusic

Figurative literal inflation.

Thu, 10/31/2013 - 11:59 | 4108743 FieldingMellish

Direct inverse to relevance.

Thu, 10/31/2013 - 12:01 | 4108753 USS Bernanke

Long on FOMC Wordcount

Thu, 10/31/2013 - 12:01 | 4108755 LeisureSmith

Squids use ink. What's new?

Thu, 10/31/2013 - 12:08 | 4108772 lasvegaspersona

Everything will be betta...when we get our new money...

There is a very scary picture up on Drudge of a witch with a Hillary face...speakin O the devil...

Thu, 10/31/2013 - 12:19 | 4108790 ebworthen

A person's wordiness increases when they:

Don't know what in the hell they are talking about.
They are lying.

In the case of the FED it is most likely an admixture of 75% of #2 and 75% of #1.

Remember, this is government, where 1/2 + 1/2 = 1.5 and it's your fault.

Visa and MasterCard accepted.

Thu, 10/31/2013 - 12:14 | 4108795 Colonel Klink

It takes more words to cover and reinforce the lies being told.

Thu, 10/31/2013 - 12:19 | 4108809 philosophers bone

Meanwhile, the "financial press" is now not even bothering reporting on what the Fed say, but rather what "Wall Street surveys" say. So the Fed does not even have to give its own misleading "forward guidance", Wall Street firms and the media can do it for the Fed. For example: "According to a survey of Wall Street insiders, the Fed will most likely begin tapering in March, 2014." I give up.

How Is The FOMC Statement Like The IRS' Tax Code?

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