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and he urged citizens business and labor to exercise restraint in their economies. Do you think these measures are sufficient to halt inflation? What else would he? Well, he admitted, you know, one possible possible no way of stopping inflation. That's to stop wasting this incredible amount of

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money on rescuing nonexistent democracy out in Vietnam. Did he mention that? Would that stop in place? Did he mention that? I don't believe he did curious oversight really, wasn't it? I don't see how the man could have missed it. Ah The other thing, of course, price

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controls by, by purely hortatory, by with without any system of enforcement and some ways at some juncture, it will be necessary to go on to lay down standards and make them and enforce them. It's the only way of stopping inflation. There are three basic causes of

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inflation. One is the catching up of medical costs, which is a relatively unimportant matter, but very much affects that part. The other is an excessive demand, which of course is what he's treating here and that's a sensible enough thing. The third cause is the uh effective

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wages on prices and prices on wages. And here the administration has probably made inflation worse because it, in effect said last year, it wasn't going to touch this cause, which was an open invitation for the unions to go out for anything they could get. There was

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an open invitation for the big corporations to pass those on to the public, I would say on balance in terms of remedying inflation. I'm not being partisan on this, although I'm perfectly willing to be if somebody wants me to, I would say that unbalanced the Nixon

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administration so far has done more to make inflation worse than it has to remedy it. What would you have him do? What would you do if it were your responsibility? There's only one way of doing it. It's not pleasant. But you have to take some measure

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of control over the wage price situation. No escape from it and he will be doing it in the next few months.