Nixon White House Tapes › Tape 445 › Conversation 445-015

Nixon & Shultz on Economic Policy and Rent Control

Wednesday, June 13, 1973 · 1:55 PM–1:57 PM ET · Old Executive Office Building · 2 min

ParticipantsNixon, Richard M. (President); Shultz, George P.Conversation445-015 on Tape 445StartWednesday, June 13, 1973 at 1:55 PMEndWednesday, June 13, 1973 at 1:57 PMRecording deviceOld Executive Office BuildingSourceNixon Library record for 445-015 ↗

AI Summary

President Nixon and Treasury Secretary George Shultz discuss public messaging strategies regarding economic policy, specifically focusing on the administration's stance against rent control. They agree that market-based solutions remain effective because housing shortages are isolated rather than systemic. The President expresses approval of Shultz’s recent commentary and emphasizes the importance of framing these economic positions to maintain public confidence.

Audio

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Transcript (AI-generated)

This transcript is incomplete. The transcription skipped stretches of speech — roughly 1 minute of this recording (about 66% of it) is represented by only a few words. Listen to the audio rather than relying on the text below; a corrected transcript is queued.

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Names and numbers are often wrong; speakers are not identified. Do not cite it as authoritative — verify against the audio and the finding aid.

Download transcript (.txt) · JSON data

George, I read your comments once, and they're very good.
The thing that I think that all of you should emphasize is, you know, those people, I mean, people from the moderate community or the other endemic, should, you know, across the board, breathe, you know, what's going on forever and ever, and wait for Christ to reign.
That would break on a recession.
We protected that.
We also protected the idea of a student's quote.
And then, on the rent thing, for whatever it's worth, $9.00 a piece, there's a lot of expression in this, because you see an actual fraud in the United States, where you have a main slot, and a shortage of housing.
Very hard.
Yeah, I saw your pictures on that.
Yeah, your point is that we don't need rent control because rents are not a problem.
That's right, except in certain isolated areas.
But this is excellent.
I don't know, okay?
All right, sorry.

NARA Description

On June 13, 1973, President Richard M. Nixon and George P. Shultz met in the President's office in the Old Executive Office Building from 1:55 pm to 1:57 pm. The Old Executive Office Building taping system captured this recording, which is known as Conversation 445-015 of the White House Tapes.

Nixon Library Finding Aid

Conversation No. 445-15

Date: June 13, 1973
Time: 1:55 pm - 1:57 pm
Location: Executive Office Building

The President talked with George P. Shultz.

[See Conversation No. 40-74]

Also recorded on June 13, 1973

  • 040-073 1:48 PM · 2 min — President Richard M. Nixon and Ronald L. Ziegler talked on the telephone from 1:48 pm to 1:50 pm.
  • 445-014 1:50 PM · 16 sec — President Richard M. Nixon and unknown person(s) met in the President's office in the Old Executive Office Building at an unknown time between 1:50 pm and 1:55 pm.
  • 040-074 1:55 PM · 2 min — George P. Shultz and President Richard M. Nixon talked on the telephone from 1:55 pm to 1:57 pm.
  • 040-075 1:59 PM · 1 min — Alexander M. Haig, Jr. and President Richard M. Nixon talked on the telephone from 1:59 pm to 2:00 pm.
  • 445-016 1:59 PM · 1 min — Alexander M. Haig, Jr. and President Richard M. Nixon met in the President's office in the Old Executive Office Building from 1:59 pm to 2:00 pm.
  • 040-076 2:00 PM · 12 sec — President Richard M. Nixon, White House operator, and unknown person(s) talked on the telephone at an unknown time between 2:00 pm and 3:20 pm.
  • 445-017 2:00 PM · 2 min — President Richard M. Nixon and Manolo Sanchez met in the President's office in the Old Executive Office Building at an unknown time between 2:00 pm and 3:20 pm.
  • 445-018 2:00 PM · 18 sec — President Richard M. Nixon, Manolo Sanchez, and White House operator met in the President's office in the Old Executive Office Building at an unknown time between 2:00 pm and 3:20 pm.

All 95 conversations from June 13, 1973 →

Cite this conversation

Conversation 445-015, June 13, 1973. White House Tapes, Richard Nixon Presidential Library and Museum, National Archives. Audio and AI transcript via Easy Nixon, https://www.easynixon.org/tapes/445-015 (accessed October 9, 2026).