Nixon White House Tapes — Conversation 529-011
Date: Sunday, June 27, 1971 at 8:11 PM
Participants: Nixon, Richard M. (President); Shultz, George P.
Recording device: Oval Office
Source: https://www.easynixon.org/tapes/529-011

This transcript was generated automatically by AI (WhisperX) and has not been reviewed for accuracy. Do not cite it as authoritative.

[0:00] Cameron, to George Shultz, I would be interested in getting Milton Friedman's reaction to the Arthur Burns letter.
[0:25] You might come in and give the gist of it and see whether he agrees virtually or not.
[0:27] Please.
[0:27] Our risk against inflation is not only nil, but we cannot expect results from what we are presently doing.
[0:31] 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.
[0:52] Reactions on both points.
[0:52] That's the end of the memorandum.