Tuesday, July 14, 2009

Jennifer Kabat : Frieze Magazine : The Buck Stops Here

Journalist, consultant, curator Jennifer Kabat gives the Dollar ReDe$ign Project a run for its money in Frieze magazine: "Money might be best described by Jean Baudrillard’s fabricated quotation from Ecclesiastes: ‘The simulacrum is true.’ In modern times, money’s material value is disconnected from its assumed value; it is basically nothing more than a promise. Rather than being backed by either silver or gold, it is based on confidence in a certain institution – in the Federal Reserve, in the case of the US, or the Bank of England, in the case of the UK. In an era of bailouts and the euphemistic ‘quantitative easing’, both institutions are more than a little precarious." Read full article here ... http://tinyurl.com/naw233

Posted via web from Dollar ReDe$ign Project

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