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Conversation 445-015

TapeTape 445StartWednesday, June 13, 1973 at 1:55 PMEndWednesday, June 13, 1973 at 1:57 PMParticipantsNixon, Richard M. (President);  Shultz, George P.Recording deviceOld Executive Office Building
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.

Economic PolicyRent ControlHousing MarketPublic RelationsInflation
AudioNARA 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]
Transcript (AI-Generated)

This transcript was generated automatically by AI and has not been reviewed for accuracy. Do not cite this transcript as authoritative. Consult the Finding Aid above for verified information.

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.
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