In 1985, a new Treasury Secretary had a shocking idea. Get the financial leaders of the world large economies in one gilded hotel room and don't tell the press, or the markets, until the deal is done. The Plaza Accords, as they were dubbed, has come up again in today's tariff discussions. At least one administration official would say it's what's needed today. We get into it, and why it didn't have a long term effect. But it's also true to say this - nothing worked like Plaza before or since.

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