FT News Briefing Artist Damien Hirst issues his own ‘Currency’
Jul 15, 2021
Jay Powell addresses inflation concerns, ensuring the Fed is ready to act if needed. The assassination of Haiti's president plunges the nation into turmoil. British artist Damien Hirst launches an NFT project called 'The Currency,' challenging traditional notions of worth. Experts discuss how this innovative blend of art and finance might reshape the art world and our perception of value. The dialogue focuses on the relationship between art, currency, and trust, prompting listeners to consider what truly defines value in both realms.
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Inflation Concerns
- US lawmakers questioned Jay Powell about rising inflation.
- Powell believes the increases are temporary and the Fed is ready to act if needed.
Haiti's Turmoil
- Haiti is in turmoil after President Moïse's assassination, with two politicians vying for leadership.
- The country faces deep political instability and relies heavily on foreign aid.
Art as Currency
- Damien Hirst launched "The Currency", an art project selling 10,000 pieces for $2,000 each.
- Buyers choose between a physical artwork or an NFT, questioning the nature of value and art as currency.