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:
“Always clung to by barnacles.”
—Hawaiian saying no. 2661, ‘lelo No’Eau, collected, translated, and annotated by Mary Kawena Pukui, Bishop Museum Press, Hawaii (1983)
“Maybe it’s understandable what a history of failures America’s foreign policy has been. We are, after all, a country full of people who came to America to get away from foreigners. Any prolonged examination of the U.S. government reveals foreign policy to be America’s miniature schnauzer—a noisy but small and useless part of the national household.”
—P.J. (Patrick Jake)
“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)