Ask the Scholar
Page 21 of 184
I can add historical knowledge about this page.
Page image
OCR
-5-
have led to rationing, black marketing, total Federal bureaucratic
domination of the economy, and it would never get at the real causes of
inflation.
That left a fourth choice, to restrain the economy moderately and
steadily, so that prices would slow their rise without too great a hardship
on labor and business. That is the road of responsibility, and that is
the road we chose.
Because we are concerned with both prices and jobs, we have put the
brakes on inflation carefully and steadily.
This did not mean that inflation could end without some slowdown in
the economy. But we were willing to make a trade -- to sacrifice speed in
ending inflation in order to keep the economic slowdown moderate.
This, then, was and is our basic policy: to reduce inflationary
pressures steadily, in a way that would avert the kind of hardship that
usually follows inflation.
Page data
- Page
- 21
- Source index
- 0
- Type
- photo
- Media ID
- a66e916df32b8db5
- Size
- unknown
Document data
- ID
- 567812065
- Core
- doc
- Type
- document
DTO data
{
"id": "567812065",
"sourceUrl": "https://catalog.archives.gov/id/567812065",
"contentType": "document",
"title": "June 17, 1970, Economic Policy Speech",
"citationUrl": "https://catalog.archives.gov/id/567812065",
"collections": [
"White House Staff Member and Office Files (Nixon Administration)",
"President's Personal Files"
],
"iiifBase": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/595291/Batch0004/059/37-sf-smof-ppf-595291-059-11/37-sf-smof-ppf-595291-059-11-001.jpg",
"thumbnailUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/595291/Batch0004/059/37-sf-smof-ppf-595291-059-11/37-sf-smof-ppf-595291-059-11-001.jpg",
"largeImageUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/595291/Batch0004/059/37-sf-smof-ppf-595291-059-11/37-sf-smof-ppf-595291-059-11-001.jpg",
"imageCount": 184,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Context sent to Scholar
Document identity
{
"localId": "567812065",
"label": "June 17, 1970, Economic Policy Speech",
"core": "doc",
"dtoType": "document",
"citationUrl": "https://catalog.archives.gov/id/567812065"
}
Document source metadata
{
"id": "567812065",
"sourceUrl": "https://catalog.archives.gov/id/567812065",
"contentType": "document",
"title": "June 17, 1970, Economic Policy Speech",
"citationUrl": "https://catalog.archives.gov/id/567812065",
"collections": [
"White House Staff Member and Office Files (Nixon Administration)",
"President's Personal Files"
],
"iiifBase": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/595291/Batch0004/059/37-sf-smof-ppf-595291-059-11/37-sf-smof-ppf-595291-059-11-001.jpg",
"thumbnailUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/595291/Batch0004/059/37-sf-smof-ppf-595291-059-11/37-sf-smof-ppf-595291-059-11-001.jpg",
"largeImageUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/595291/Batch0004/059/37-sf-smof-ppf-595291-059-11/37-sf-smof-ppf-595291-059-11-001.jpg",
"imageCount": 184,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Document source extras
{
"url": "https://catalog.archives.gov/id/567812065",
"naId": 567812065,
"levelOfDescription": "fileUnit",
"recordType": "description",
"ocrSource": "nara-archive"
}
Page context
{
"seq": 21,
"pageIndex": 0,
"type": "photo",
"url": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/595291/Batch0004/059/37-sf-smof-ppf-595291-059-11/37-sf-smof-ppf-595291-059-11-021.jpg",
"mediaId": "a66e916df32b8db5",
"ocrText": "-5-\nhave led to rationing, black marketing, total Federal bureaucratic\ndomination of the economy, and it would never get at the real causes of\ninflation.\nThat left a fourth choice, to restrain the economy moderately and\nsteadily, so that prices would slow their rise without too great a hardship\non labor and business. That is the road of responsibility, and that is\nthe road we chose.\nBecause we are concerned with both prices and jobs, we have put the\nbrakes on inflation carefully and steadily.\nThis did not mean that inflation could end without some slowdown in\nthe economy. But we were willing to make a trade -- to sacrifice speed in\nending inflation in order to keep the economic slowdown moderate.\nThis, then, was and is our basic policy: to reduce inflationary\npressures steadily, in a way that would avert the kind of hardship that\nusually follows inflation."
}