September 05, 2004

Busman’s Holidays Part 1 : Economists

Here’s a new one for the phrase book:

“Donde está el museo de la deuda exterior?”

Yes, that right, Argentina is opening the world's first museum of foreign debt:

“Argentina has always had trouble paying the bills - from its first default in 1827, shortly after independence from Spain, to 2001, when, amid rioting and political chaos, the country suspended payment on a $142 billion mountain of debt.

Now, creators of Argentina's Museum of Foreign Debt, opening in October, have found an unlikely way to educate the public about - and perhaps curb - Argentina's culture of credit and its negative impact on what was once South America's shining star.”


Of course there’s a hitch:
“Currently, there's no public money to fund the museum, but the city government and national museum are consulting on the project.”

Where's the World Bank when you need it, eh? And, as they say in Buenos Aires, it takes two to tango –well actually they probably say “lleva dos el tango”, ed. So maybe its time to open a Museum of Moral Hazard & Lending in Washington as well.

Posted by wardx107 at September 5, 2004 12:00 PM
Comments
Post a comment









Remember personal info?






The views and opinions expressed in this page are strictly those of the page author. The contents of this page have not been reviewed or approved by the University of Minnesota.