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, foreign and/or debt:
“No one to slap his head.”
—Hawaiian saying no. 190, ‘lelo No’Eau, collected, translated, and annotated by Mary Kawena Pukui, Bishop Museum Press, Hawaii (1983)
“Go to foreign countries and you will get to know the good things one possesses at home.”
—Johann Wolfgang Von Goethe (1749–1832)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)