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AC/DC and the Global Economic Crisis

3:08 PM, Oct 28, 2008 • By MATTHEW CONTINETTI
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Forget Fannie and Freddie, Alan Greenspan, collateralized debt obligations and other mortgage-backed securities, and credit default swaps. Who's really responsible for the global economic meltdown? The Guardian notes that the rock band AC/DC always seems to prosper during financial panics:

Those keen to draw wider inferences from its success might note that the last time AC/DC made No 1 in Britain, the country was on the brink of recession. Back In Black, the album that marked their commercial breakthrough and went on to become the second biggest-selling of all time, was released in 1980, just as inflation had reached 20% and unemployment inched towards 2 million. ...

[T]he album that returned the band to its heyday was The Razors Edge, released in 1990 - just as Britain headed towards its last recession.

Maybe it's time to regulate stadium rock?

(A tip of the hat, as they say, to Kai Ryssdal.)

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