The President's News Conference
04/21/1966
https://www.presidency.ucsb.edu...
As world trade expands, so must the liquidity required to finance it.
If our prices rise faster than those of our overseas competitors, our exports will suffer and our imports will grow.
Twenty years ago it was dear to the leaders of Western Europe that our shield there was necessary to their future.
I wouldn't make any comments on that in a press conference.