11 November 2008
Economy Meltdown is Art! According to Stephen Colbert
From The Colbert Report, Wednesday, September 24, 2008:
Stephen Colbert: Now why $700,000,000,000 exactly, when these days you can purchase a bank for 3 pounds of ground chuck and an old bicycle wheel? Fed Chairman Ben Bernanke explained...
Ben Bernanke: Just as when you sell a painting at Sotheby's you don't know... nobody knows what it is worth until the auction's over. Then people know what it's worth. I think it's the same thing.
Stephen Colbert: Art is an excellent analogy. Because I think a lot of people are looking at our economy right now and saying, "my five year old could have done that."