Smith Announced

Famous quotes containing the words smith and/or announced:

    Every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the publick interest, nor knows how much he is promoting it.... He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
    —Adam Smith (1723–1790)

    On September 16, 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.
    Gore Vidal (b. 1925)