Conversation: 560-006
Prev:  560-005 Next: 560-007Start Date: 10-Aug-1971 6:01 PM
End Date: 10-Aug-1971 6:14 PM
Participants:
Nixon, Richard M. (President); Shultz, George P.; Recording Device: Oval Office
Full Tape Conversation Start Time: 01:45:41
Full Tape Conversation End Time: 01:57:49
NARA Description:
On August 10, 1971, President Richard M. Nixon and George P. Shultz met in the Oval Office of the White House from 6:01 pm to 6:14 pm. The Oval Office taping system captured this recording, which is known as Conversation 560-006 of the White House Tapes.
Nixon Library Finding Aid:
Conversation No. 560-6 Date: August 10, 1971 Time: 6:01 pm - 6:14 pm Location: Oval Office The President met with George P. Shultz. National economy -Indicators -Retail sales -Council of Economic Advisors [CEA] -Evaluation -Unknown person’s view -Automobiles -Profits -First quarter compared to second quarter -First National City Bank survey -Ezra Solomon's views -Herbert Stein -Psychology -Businessmen -Lender class -Wage and price spirals -Indicators -Retail sales -Gross National Product [GNP] -Inventories -GNP -Retail sales -Opinion poll -July -Compared to June -Prospects -Possible expansion -Arthur F. Burns -Alan Greenspan's prediction -Possible wage and price freeze 16 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 560-6 (cont.) -Solomon -Stein -Plan -Effect -Inflation -Import tax -Burns' conversation with Shultz International economy -Gold -Burns' views -Possible negotiations -Exchange rates -Problem of disclosure -Possible Administration actions -Timing of possible action -Closing gold window -Closing of gold window -Wage and price freeze -Compared to closing gold window National economy -Federal pay increase -Comparability -Postponement -Letter to Congressional clerks -Timing -Jobs for Veterans program -Defense Department -Poll -Slots -Number -Melvin R. Laird -Directives -Personnel -Presidential The President and Shultz left at 6:14 pm. 17 NIXON PRESIDENTIAL MATERIALS STAFF Tape Subject Log (rev. 10/06) Conv. No. 560-6 (cont.)