Date: June 9, 1971
Time: 4:04 pm - 4:17 pm
Location: White House Telephone
The President talked with George P. Shultz.
[See Conversation No. 255-38C]
Arthur F. Burns-Milton Friedman meeting, June 9
Friedman's economic recommendations
-Advice to the Federal Reserve Board [FRB]
-Paul A. Samuelson's response
Interest rates
-Federal Reserve's policy
-Money supply
-View of John B. Connally, Paul W. McCracken
Future Quadriad meeting
-International monetary developments
-Burns’ request for meeting
-President's forthcoming conversation with H.R. (“Bob”) Haldeman
National economy
-Friedman's views
-Samuelson's views re budget
58
NIXON PRESIDENTIAL MATERIALS STAFF
Tape Subject Log
(rev. 10/08)
-Congress and budget
-Military pay
-Shultz's conversation with Ronald L. Ziegler, June 9
-Administration's position
-Gordon L. Allott's action
-Gates Commission
-Preparation for Clark MacGregor
-Education
-Agricultural subsidies
-Administration's possible responses
-Prospects for 1972
-Large deficits and more inflation
-Responsibility
-Forthcoming administration economic meeting
-Participants
-John D. Ehrlichman, John N. Mitchell, Connally
-1973 budget
Maurice H. Stans’ proposed mid-70's census
-Effect on employment
-Cost