Central Bankers, Unite!

The world needs a coordinated assault on deflation.

Action is needed to prevent a currency war.

Photographer: Asif Hassan/AFP/Getty Images

In September, the world will commemorate the 30th anniversary of the Plaza Accord. That agreement to weaken the dollar and boost the yen still stands as a landmark of economic cooperation -- something that's sadly lacking in our chaotic and deflationary times.

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