The Museum of Foreign Debt (Museo de la Deuda Externa) was opened on April 28, 2005 in Buenos Aires, Argentina. The museum highlights the dangers of borrowing money from abroad. The Argentine economic crisis that drove the 2001 riots in Argentina prompted the largest foreign debt default in history – approximately $100 billion USD.
The museum is located at the Faculty of Economics of the University of Buenos Aires, and shows the debt's history, how it grew, and the responsible parties for each action since the first attempt of independence in 1810. The museum has no entrance fee.
Famous quotes containing the words museum of, museum, foreign and/or debt:
“I never can pass by the Metropolitan Museum of Art in New York without thinking of it not as a gallery of living portraits but as a cemetery of tax-deductible wealth.”
—Lewis H. Lapham (b. 1935)
“To look at and properly appreciate the British Museum is the work of a lifetime.”
—M. E. W. Sherwood (1826–1903)
“The important thing about travel in foreign lands is that it breaks the speech habits and makes you blab less, and breaks the habitual space-feeling because of different village plans and different landscapes. It is less important that there are different mores, for you counteract these with your own reaction- formations.”
—Paul Goodman (1911–1972)
“The debt was the most sacred obligation incurred during the war. It was by no means the largest in amount. We do not haggle with those who lent us money. We should not with those who gave health and blood and life. If doors are opened to fraud, contrive to close them. But don’t deny the obligation, or scold at its performance.”
—Rutherford Birchard Hayes (1822–1893)