--------------- COL,SER,FLDR ID............ 008300000 ACCESSION.................. 70-NLF-124 RECORD CODE................ C TITLE...................... PAUL W. MCCRACKEN FILES (Assistant to WH Counsellor) ...DESCRIPTION... In September and October, 1974, Paul W. McCracken served a three-week appointment as consultant to Kenneth Rush, Counsellor to the President for Economic Policy. Rush was also Chariman of the Steering Committee for the Conference on Inflation, formed jointly from the executive and congressional branches. L. William Seidman was executive director of the Conference on Inflation and became the Assistant to the President for Economic Affairs on September 30th. Seidman assumed the duties of chief economic adviser to the President from Rush, who was nominated as Ambassador to France on September 4th. As consultant to Rush, McCracken was responsible for organizing, preparing, and analyzing materials on economic policies and projects. He aided in the preparations for the Conference of Inflation, held on September 27-28, 1974, in Washington, D.C. This summit conference was preceeded by twelve sector conferences on inflation held around the country. McCracken prepared a summary of these conferences for the steering committe, and later drafted portions of the President's economic address, delivered on October 8th and based on the conference results and departmental input. The files created by McCracken consist of material preparatory to the final summit conference and the President's address. Included are examples of the outpouring of public mail containing suggestions on fighting inflation, and economic input received from RCA, Condecor, Incorporated, General Telephone and Electronics Corporation, and from C. Jackson Grayson, Jr., of the American Productivity Center, on productivity. In addition, McCracken received brief papers and proposals on specific economic policy issues from 16 governmental departments and agencies prior to the conference. His summary of the conferences was transmitted to the steering committee on October 1st as the "Catalogue of Economic Policy Recommendations from the Conference Meetings." This catalogue is an excellent overview of the economic policy issues, ideas and recommendations from the twelve sector and final conferences. He was assisted by members of Rush's staff, Sidney L. Jones and John E. Robson, and by John R. Brodman, Cost of Living Council. Input from governmental departments and agencies for the President's Economic Policy Address consists of proposals and draft speech segments on specific subjects, such as energy. Also included are McCracken's handwritten speech drafts. ...ABSTRACT... Materials on economic policy and conditions accumulated during McCracken's three-week appointment to help with the 1974 Conference on Inflation and Ford's subsequent special economic address. SUBJECT DESCRIPTOR......... Economics, Inflation LC SUBJECT TERM............ UNPOB, UNEP, United States--Politics and government--1974-1977, United States--Economic policy BEGINNING DATE............. 1974 ENDING DATE................ 1974 VOLUME..................... 1.6 UNITS MEASUR............... linear feet ...RELATED MATERIAL... Materials relating to McCracken's responsibilities may be found in the files of L. William Seidman, especially the Conference on Inflation series; the files of staff members in Seidman's office; the files of Kenneth Rush; and in several White House Central File categories, including Meetings - Conferences (MC) 3-1, Economic Summit Meeting; Speeches (SP) 2-3-11, President's Message to Congress; and Business - Economics (BE). ...ARRANGEMENT... Arranged in a single series: Conference on Inflation Subject File. PREFERRED CITATION......... Paul W. McCracken Files, Gerald R. Ford Library CLASSIFICATION CODE........ U, Not Classified LANG. CODE(S).............. eng LOCATION................... 2-09-07-1 DATE OF OPENING............ 04/1983 CREATORS NAME.............. McCracken Paul W. CONFORMING NAME............ McCracken, Paul W. CONFORMING NAME INDICATOR.. P CREATORS RELN TO PRES...... Counsellors to the President: Consultant to Counsellor Rush CREATORS CURRENT POSN...... Edmund Ezra Day University Professor of Business Administration, University of Michigan ...BIOGRAPHICAL NOTE... December 29, 1915 - Born, Richland, Iowa 1937 - B.A., William Penn College 1942 - M.A., Harvard University 1943-48 - Financial economist & director of research, Federal Reserve Bank of Minneapolis 1948 - Ph.D., Harvard University 1948-66 - Professor of economics, University of Michigan 1956-59 - Member, Council of Economic Advisers 1966-present - Edmund Ezra Day University Professor of Business Administration, University of Michigan 1969-71 - Chairman, Council of Economic Advisers September - October 1974 - Consultant to Counsellor Rush 1981 - present - Member, President's Advisory Board on Economic Policy DONORS NAME................ Ford Gerald R. DONORS RELN TO CREATOR..... President SOURCE OF LEGAL TITLE...... DM, Donated materials ...PROVENANCE... After McCracken left the staff his materials were retired to White House Central Files Oversize Attachemnts. They were received by the Ford Library as part of that collection in 1977 and returned to the staff files during processing. Originally accessioned as 77-NLF-107. ...RESTRICTIONS... Open. Some items are temporarily restricted under terms of President Ford's deed of gift, a copy of which is available on request. ...LITERARY RIGHT... Works prepared by U.S. Government employees as part of their official duties are in the public domain. In addition, Mr. Ford has donated to the United States of America his copyright interest in any other of his writings that might be included in this collection. The copyright interest to materials written by other individuals or organizations is presumed to remain with them. WRITTEN PERMISSION......... N BOX........................ ******* MCCRACKEN FILES --------------- COL,SER,FLDR ID............ 008300001 ACCESSION.................. 70-NLF-124 RECORD CODE................ S TITLE...................... Conference on Inflation Subject File, {This is a Series Title} ...DESCRIPTION... Correspondence with the public and businesspersons, memoranda, reports, conference summaries, press releases, exhibits, printed materials and annotated and handwritten draft policy proposals and speeches. Topics include recommendations on economic policy analysis, suggestions on inflation, the Conference on Inflation, and the President's October 8, 1974 economic policy address. Arranged alphabetically by subject. SUBJECT DESCRIPTOR......... Economics, Inflation, Conference on Inflation BEGINNING DATE............. 1974 ENDING DATE................ 1974 VOLUME..................... 1.6 UNITS MEASUR............... linear feet BASIS OF ARRANGEMENT....... A, Arranged alphabetically. TYPE OF MATERIAL........... COR, MEM, REP, SUM, PRR, SPE, Correspondence, Memorandum, Report, Summary, Press Release, Speech BOX........................ 1-4 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300002 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Burns, Arthur (Chairman, Federal Reserve Board) SUBJECT DESCRIPTOR......... Conference on Inflation, Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 1 PAGE COUNT................. 15 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300003 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Brodman, John SUBJECT DESCRIPTOR......... Economic Controls, Inflation, Federal Regulation, Antitrust BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 1 PAGE COUNT................. 16 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300004 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Catalogue of Economic Policy Recommendations from the Conference Meeting (1) - (3) SUBJECT DESCRIPTOR......... Conference on Inflation, Inflation, Economics BEGINNING DATE............. 10/1974? ENDING DATE................ 10/1974? BOX........................ 1 PAGE COUNT................. 200 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300005 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Condecor, Inc. - Inflation Meeting, 9/29/74 SUBJECT DESCRIPTOR......... Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 1 PAGE COUNT................. 20 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300006 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Conference on Inflation SUBJECT DESCRIPTOR......... Conference on Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 1 PAGE COUNT................. 14 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300007 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Conference on Inflation - Steering Committee Report SUBJECT DESCRIPTOR......... Conference on Inflation, Economics BEGINNING DATE............. 09/1974 ENDING DATE................ 10/1974 BOX........................ 1 PAGE COUNT................. 60 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300008 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Conference on Inflation - Suggestions Received from the Public (1) - (4) SUBJECT DESCRIPTOR......... Conference on Inflation, Economics BEGINNING DATE............. 08/1974 ENDING DATE................ 09/1974 BOX........................ 1 PAGE COUNT................. 525 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300009 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Conference on World Monetary Disorder, 5/23-25/74 (1) - (2) SUBJECT DESCRIPTOR......... Monetary Systems, International Conferences BEGINNING DATE............. 05/1974 ENDING DATE................ 09/1974 BOX........................ 2 PAGE COUNT................. 400 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300010 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Council on Environmental Quality SUBJECT DESCRIPTOR......... Energy, Conservation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 2 PAGE COUNT................. 18 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300011 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Address: Agriculture - Council on Wage and Price Stability SUBJECT DESCRIPTOR......... Presidential Addresses, Economics, Inflation, Agriculture BEGINNING DATE............. 10/1974 ENDING DATE................ 10/1974 BOX........................ 2 PAGE COUNT................. 75 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300012 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Address: Energy SUBJECT DESCRIPTOR......... Presidential Addresses, Economics, Energy BEGINNING DATE............. 10/1974 ENDING DATE................ 10/1974 BOX........................ 2 PAGE COUNT................. 75 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300013 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Address: General SUBJECT DESCRIPTOR......... Presidential Addresses, Economics BEGINNING DATE............. 09/1974 ENDING DATE................ 10/1974 BOX........................ 2 PAGE COUNT................. 45 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300014 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Address: HEW - HUD SUBJECT DESCRIPTOR......... Presidential Addresses, Economics, Energy, Conservation, Inflation, Housing, Health, Poverty Programs BEGINNING DATE............. 10/1974 ENDING DATE................ 10/1974 BOX........................ 2 PAGE COUNT................. 75 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300015 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Address: Interior - OMB SUBJECT DESCRIPTOR......... Presidential Addresses, Economics, Energy, Productivity, Taxes BEGINNING DATE............. 10/1974 ENDING DATE................ 10/1974 BOX........................ 2 PAGE COUNT................. 75 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300016 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Board SUBJECT DESCRIPTOR......... Economics BEGINNING DATE............. 09/1974 ENDING DATE................ 10/1974 BOX........................ 3 PAGE COUNT................. 75 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300017 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Agriculture Department SUBJECT DESCRIPTOR......... Economics, Agriculture, Food BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 19 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300018 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Council of Economic Advisers SUBJECT DESCRIPTOR......... Inflation, Economics, Energy, Banking, Monetary Policy, Unemployment, Welfare, Council on Wage and Price Stability, Health, Utilities, Employment Policy, Fiscal Policy, Housing, Food BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 100 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300019 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Council on Environmental Policy SUBJECT DESCRIPTOR......... Economics, Environmental Protection, Energy, Conservation BEGINNING DATE............. 08/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 40 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300020 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Council on International Economic Policy SUBJECT DESCRIPTOR......... Inflation, Economics, Conference on Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 45 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300021 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Commerce Department SUBJECT DESCRIPTOR......... Economics, Productivity BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 75 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300022 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Federal Energy Administration (1) - (2) SUBJECT DESCRIPTOR......... Economics, Oil, Regulatory Reform, Conservation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 300 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300023 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - General SUBJECT DESCRIPTOR......... Economics BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 60 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300024 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - HEW - Labor SUBJECT DESCRIPTOR......... Economics, Unemployment, Welfare, Housing, Energy, Regulatory Reform, Insurance BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 3 PAGE COUNT................. 50 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300025 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Office of Management and Budget SUBJECT DESCRIPTOR......... Economics, Regulatory Reform, Council on Wage and Price Stability, Federal Budget BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 35 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300026 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Other Agencies SUBJECT DESCRIPTOR......... Economics, Energy BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 45 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300027 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - State - Transportation SUBJECT DESCRIPTOR......... Economics, International Economy, Regulatory Reform BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 12 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300028 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Economic Policy Input - Treasury Department SUBJECT DESCRIPTOR......... Economics, Taxes, Fiscal Policy, Utilities, Housing, Banking BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 75 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300029 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Energy ...DESCRIPTION... Recommendations by Max Fisher SUBJECT DESCRIPTOR......... Oil, Conservation, Energy BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 25 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300030 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Fiedler, Ed (Department of Treasury) SUBJECT DESCRIPTOR......... Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 8 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300031 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Financial Conference on Inflation SUBJECT DESCRIPTOR......... None BEGINNING DATE............. 04/1983 ENDING DATE................ 04/1983 BOX........................ 4 PAGE COUNT................. 1 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300032 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Grayson, C. Jackson, Jr. (American Productivity Center) SUBJECT DESCRIPTOR......... Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 25 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300033 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Personnel SUBJECT DESCRIPTOR......... None BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 10 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300034 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Productivity Program SUBJECT DESCRIPTOR......... Productivity, Inflation BEGINNING DATE............. 09/1974? ENDING DATE................ 09/1974? BOX........................ 4 PAGE COUNT................. 100 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300035 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Public Utilities Exhibit SUBJECT DESCRIPTOR......... Utilities BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 25 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300036 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... RCA (Radio Corporation of America) SUBJECT DESCRIPTOR......... Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 65 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300037 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Robertson, Norm (Economic Office, Mellon Bank) SUBJECT DESCRIPTOR......... Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 11 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300038 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Robson, John (Consultant to Kenneth Rush) SUBJECT DESCRIPTOR......... Presidential Addresses, Economics, Inflation BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 20 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE --------------- COL,SER,FLDR ID............ 008300039 ACCESSION.................. 70-NLF-124 RECORD CODE................ F TITLE...................... Treasury Department SUBJECT DESCRIPTOR......... Economics, Inflation, Oil, Monetary Policy BEGINNING DATE............. 09/1974 ENDING DATE................ 09/1974 BOX........................ 4 PAGE COUNT................. 45 MCCRACKEN INFLATION CONFERENCE SUBJECT FILE ---------------