The title is Marge Simpson's explanation of how she's going to teach piano lessons. It's how I feel sometimes about teaching economics. And it might be how the government ends up feeling about inflation.
Earlier I blogged about the coin seigniorage proposal that "solves" the debt crisis by producing several hundred billion dollars in platinum coins. Some might consider this inflationary. Mostly because it is.
Tyler Cowen quotes John Hussman pointing out that short-term debt (like most federal government debt) can't be inflated away easily. I guess it can if the money creation outstrips the price adjustments. In that sense, the Fed just has to stay one lesson ahead of the people.
It should be obvious that that type of incentive is not really one we want our monetary authority to have.