Remarks at the American Embassy in Paris.
03/01/1969
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The restraint of 1969 and the slowdown of 1970 have set in motion strenuous efforts at cost reduction.
We have been particularly concerned with increases in the costs of construction.
It is a test of our ability to root out inflation without consigning our free economy to the stagnation of unemployment.
Free prices and wages are the heart of our economic system; we should not stop them from working even to cure an inflationary fever.