Conversation: 570-007
Prev:  570-006 Next: 570-008Start Date: 11-Sep-1971 12:59 PM
End Date: 11-Sep-1971 1:13 PM
Participants:
Nixon, Richard M. (President); McCracken, Paul W.; Recording Device: Oval Office
Full Tape Conversation Start Time: 01:55:39
Full Tape Conversation End Time: 02:09:59
NARA Description:
On September 11, 1971, President Richard M. Nixon and Paul W. McCracken met in the Oval Office of the White House from 12:59 pm to 1:13 pm. The Oval Office taping system captured this recording, which is known as Conversation 570-007 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 570-7 Date: September 11, 1971 Time: 12:59 pm - 1:13 pm Location: Oval Office The President met with Paul W. McCracken. Dog President’s schedule -Legislation -John D. Ehrlichman US economic program -International, domestic -Gold -Currency floatation -Import surcharge -Adjustment of exchange rates -Effect on price levels -US -World -Action on gold -Price fluctuations -Dollar devaluation -Nonpublic information -Public information -Position -Adjustment of prices -Price of gold -Speech -US background history -Changes in exchange rates -Dollar devaluation -Prices 27 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 570-7 (cont.) -Limit on devaluation or appreciation of prices -Amount of money -Nonpublic information ********************************************************************** BEGIN WITHDRAWN ITEM NO. 1 [National Security] [Duration: 39s ] JAPAN END WITHDRAWN ITEM NO. 1 ********************************************************************** -Changes -US monetary issue -Equivalency to the rest of the world -US action -Total adjusted exchange rate -The President's conversation with Connally and Burns -Surcharge -State Department reactions -Effect on US people -Alternatives -Exchange rate -Change -Percentage -Surcharge -Percentage -Gasoline prices -Effect of exchange rate -Textile issue -Peter G. Peterson -Legalities -Impact 28 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 570-7 (cont.) -Depreciation Japan -McCracken's contacts and friends -Number -Contact with Mr. [Forename Unknown] Anzai [sp?] -Trip -Time -Speaking engagement at the Japan America Society -Foreign policy procedures -William P. Rogers -Textile issue -Relations with the US -People’s Republic of China {PRC] -Soviet Union -Professor [Forename Unknown] Nishiyama -Emissary -Relations with the US -Flexible dates for possible McCracken trip -Wage and price discussion US economic policy -Wage and price freeze -Freeze followed by a thaw -Herbert Stein -Effect on certain areas -Confidence -Deceleration of inflation -Wholesale prices -Consumer Price Index [CPI] -Freeze -Transition -Thaw by sector -Strategy -Industries -Phase II -Details -Transitions -Commodities -Leadership -Inflation 29 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 570-7 (cont.) -Budget -Monetary restraints -Deceleration -Inflation -Trend -Rise and rate -Cause of action -Effect -The President's policies -Cost of Living Council [COLC] -Arnold R. Weber -George A. Lincoln -Connally McCracken's tenure in office -Flexibility -Administration actions -University of Michigan McCracken left at 1:13 pm.