  Although quantum field theory allows local negative energy densities and
fluxes, it also places severe restrictions upon the magnitude and extent of the
negative energy. The restrictions take the form of quantum inequalities. These
inequalities imply that a pulse of negative energy must not only be followed by
a compensating pulse of positive energy, but that the temporal separation
between the pulses is inversely proportional to their amplitude. In an earlier
paper we conjectured that there is a further constraint upon a negative and
positive energy delta-function pulse pair. This conjecture (the quantum
interest conjecture) states that a positive energy pulse must overcompensate
the negative energy pulse by an amount which is a monotonically increasing
function of the pulse separation. In the present paper we prove the conjecture
for massless quantized scalar fields in two and four-dimensional flat
spacetime, and show that it is implied by the quantum inequalities.
