{"conversationCode":"529-011","tapeNumber":529,"conversationNumber":11,"identifier":"37-wht-conversation-529-011","startDateTime":"1971-06-28T00:11:00.000Z","endDateTime":"1971-06-28T00:13:00.000Z","startDate":"27-Jun-1971","startTime":"8:11 PM","endDate":"27-Jun-1971","endTime":"8:13 PM","dateCertainty":"certain","timeCertainty":"estimated","participants":"Nixon, Richard M. (President); Shultz, George P.;","description":"On June 27, 1971, President Richard M. Nixon and George P. Shultz met in the Oval Office of the White House at an unknown time between 8:11 pm and 8:13 pm. The Oval Office taping system captured this recording, which is known as Conversation 529-011 of the White House Tapes.","locationCode":"OVAL","recordingDevice":"Oval Office","latitudeEstimated":38.8974,"longitudeEstimated":-77.0374,"chronCode":1,"chronRelease":"First Chronological Release","chronReleaseDate":"5-Oct-1999","aogpRelease":null,"aogpSegment":null,"lastModified":"2015-07-27T17:04:10.235Z","findingAid":"Conversation No. 529-11\n\nDate: June 27, 1971\nTime: Unknown between 8:11 pm and 8:13 pm\nLocation: Oval Office\n\nThe President dictated a memorandum to George P. Shultz.\n\n     Arthur F. Burns letter\n          -Milton Friedman reaction\n                                              9\n\n                          NIXON PRESIDENTIAL MATERIALS STAFF\n\n                                      Tape Subject Log\n                                        (rev. 10/08)\n\n\n\n     Inflation\n           -Administration response\n               -Expected results\n                     -Jawboning\n                     -Wage and price freeze\n\n\n                                                                    Conv. No. 529-11 (cont.)","filename":["529-011.mp3"],"tapeStart":"00:36:09","tapeEnd":"00:37:31","participantsList":["Nixon, Richard M. (President)","Shultz, George P."],"prevCode":"529-010","nextCode":"529-012","transcript":[{"start":0.17,"end":25.96,"text":"Cameron, to George Shultz, I would be interested in getting Milton Friedman's reaction to the Arthur Burns letter."},{"start":25.98,"end":27.68,"text":"You might come in and give the gist of it and see whether he agrees virtually or not."},{"start":27.7,"end":27.84,"text":"Please."},{"start":27.86,"end":29.99,"text":"Our risk against inflation is not only nil, but we cannot expect results from what we are presently doing."},{"start":31.54,"end":52.38,"text":"And second, assuming that the assumption is correct, whether our indeterminate job offer followed by a wage price or followed by a six-month freeze would be the right medicine."},{"start":52.4,"end":52.9,"text":"Reactions on both points."},{"start":52.92,"end":53.58,"text":"That's the end of the memorandum."}],"aiSummary":{"text":"President Nixon dictates a memorandum for George Shultz to solicit Milton Friedman’s professional opinion on a letter from Arthur Burns regarding economic policy. Nixon seeks an evaluation of the administration’s current anti-inflation efforts, specifically questioning whether the current strategy is ineffective and if a six-month wage and price freeze would serve as an appropriate corrective measure. This request reflects the administration’s mounting concerns over inflation and their consideration of more drastic fiscal interventions.","topics":["Economic policy","Inflation","Wage and price controls","Arthur Burns","Milton Friedman"],"generatedAt":"2026-04-06T23:05:10.542Z"},"topicSlugs":["economic-policy","inflation","wage-and-price-controls","arthur-burns","milton-friedman"],"audioDurationSec":54,"audioFiles":[{"file":"529-011.mp3","bytes":2148352,"durationSec":53.58,"bitrate":320785,"missing":false}],"audioIsShared":false,"audioProbedAt":"2026-09-18T02:19:51.008Z","audio":["https://nixon.nyc3.digitaloceanspaces.com/audio/529-011.mp3"],"url":"https://www.easynixon.org/tapes/529-011","nixonLibraryUrl":"https://www.nixonlibrary.gov/white-house-tapes/529/conversation-529-011","license":"Public domain (U.S. Government work). AI-generated fields (transcript, aiSummary) are provided as-is without warranty."}