Stop the press: why the media missed Latin America's collapse. (Gazette).

AS ARGENTINA SANK INTO its worst economic crisis ever, a January 9 Associated Press story blamed "the greed of international investors and bad timing by the International Monetary Fund and the U.S. Treasury." The New York Times was equally scathing: "The Argentine economic miracle of the 1990s was a mirage created by foreign creditors enamored of the country's monetary policy," a December 21 editorial pronounced.

"This allowed Argentina to go on a $130-billion borrowing binge without addressing longstanding shortcomings.... Predictably, the time has now ...

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