Economics
Argentina Peso Devaluation Becomes Art for Dumpster-Diving CEO
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To see the effect of Argentina’s peso devaluation, head to the country’s most popular art show.
Alberto Echegaray, a former adviser to the economy minister who pegged the peso to the dollar at 1-to-1 in 1991, is making his debut at ArteBA with an installation featuring 11 basketball-size glass spheres, each stuffed with 1 million pesos of shredded, out-of-circulation notes. Next to them is a slightly-larger orb filled with $1 million in cut-up dollars, its circumference girded by a metal band labeled "U.S. Fed."