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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