Paul McCracken, an American economist, comments on the economic speech by U.S. President Nixon in the United States.
Washington DC USA Date:1971, August 15 Duration:21 min 26 sec Sound:Yes
Discussion and analysis following U.S. President Nixon's speech on the economic crisis from the White House, United States. Reporter Bill Gill sits with Bob Clark, a White House correspondent, and economic advisor Paul McCracken. Both the reporters ask Paul McCracken to make a comment on the proposals of President Nixon dealing with the American economy. Paul McCracken speaks on the advantages of the 90 days wage-price freeze. He tells how to secure cost price level, how to control unemployment and inflation. He states the 90 days wage-price as the strongest economy program and how it will give foundation to more companies. He also speaks on dollar rate and foreign exchange and how to maintain its position.
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