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as
bluntly
and as accurately
as we could the consequences
of
inflation
in developing
countries.
I might read the list
of charges we made.
Inflation
9
Inflation
diverts
investment
productive
uses and towards forms
a hedge against
inflation
rather
maximize
- of advising .
The Pr es ident then turned to Panama and read the declaration which
he sai d he would make this afternoon if the Council approved. He
summarized the U . S. position on the Panama negotiations, i . e . , that
we would not accept preconditions