On the recordJanuary 31, 1971
Free prices and wages are the heart of our economic system; we should not stop them from working even to cure an inflationary fever.
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presidency.ucsb.eduFree prices and wages are the heart of our economic system; we should not stop them from working even to cure an inflationary fever.
Annual Message to the Congress: The Economic Report of the President
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More from Richard Nixon
I have done my very best in all the days since to be true to that pledge.
I am pleased that in this bill the Congress has expressed support for our objectives by authorizing $22.2 billion for military procurement purposes during fiscal year 1975.
This was a serious act of omission for which I take full responsibility and which I deeply regret.