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August 20, 2014

The Fed and the “Salvador Dali Effect”

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There is a story about the great Catalan surrealist painter Salvador Dali.
It is said that in the last years of his life, when he was already famous, he signed checks knowing that they would not be submitted to the bank for payment. Rather, after partying with his friends and consuming the most expensive items the restaurants had to offer, he would ask for the bill, pull out one of his checks, write the amount, and sign it. Before handing over the check, he quickly turned it around, made a drawing on the back and autographed it. Dali knew the owner of the restaurant would not cash the check but keep it,put it in a frame, and display it in the most prominent place in the restaurant: “An original Dali.”
- Dante Bayona - Mises Daily

Posted by gerardvanderleun at August 20, 2014 7:17 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

Picasso did the same thing, without bothering to go through the annoyance of using a check.

Posted by: Nicholas Darkwater [TypeKey Profile Page] at August 20, 2014 11:41 AM

You, too, can do this. Just make sure your name is Dali or Picasso.

Posted by: Vermont Woodchuck [TypeKey Profile Page] at August 21, 2014 7:15 AM

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