#234 Planet Money: Wine, Cigars, And The Plan To Fix The Dollar




Planet Money show

Summary: The world's biggest economies spend a summer plotting in secret, over French wine, to make the dollar worth much, much less. You guessed it: The Plaza Accord! On today's Planet Money, we tell the story of the 1985 deal -- and reflect on what it says about today's currency wars, and about government efforts to set the value of money.