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THE WHITE HOUSE WASHINGTON August 23, 1969 MEMORANDUM FOR THE PRESIDENT From: Alexander P. Butterfield Subject: Pierre Rinfret On July 14, Paul McCracken sent a memorandum to you which expressed his reservations a bout having Pierre Rinfret in for consultative discussions. Paul's reservations were based essentially on a Rinfret newsletter which he attached to his memorandum for your review. It was a scathing piece on the Administration's economic policies - - irrational, emotional almost pathological in its presentation. You replied that under such circumstances you certainly agreed with Paul; and you added that meanwhile Len Garment should try to "cool Rinfret off. 11 The attached memorandum f rom Len Garment indicates that Pierre has pretty well simmered down. The the lay is then window togent in