Forget CPI. Inflation Is Measured With Art.

“I don’t know what money means anymore,” said Asher Edelman, an art dealer and founder of ArtAssure, an art financing company, as he exited the Rockefeller Center salesroom halfway through the [recent Christie's] auction. In early 1990’s Canada, my classmates and I were taught the shortcomings of the USSR’s command economy: a metastatic bureaucracy, the impossibility of perfect knowledge of complex […]