Political Quotes

Lyndon Johnson: “The father of the free enterprise system, Mr. Adam Smith, described the value of the small businessman in these words…”

On the recordMay 18, 1966
The father of the free enterprise system, Mr. Adam Smith, described the value of the small businessman in these words: 'A small proprietor . . . who knows every part of his little territory, who views it with all the affection which . . . small property naturally inspires . . . is generally of all improvers, the most industrious, the most intelligent, and the most successful.'
Said by
Lyndon Johnson
Democratic · Texas

Editor's note · Context

Remarks at the Swearing In of Bernard L. Boutin as Administrator, Small Business Administration.

Share

More from Lyndon Johnson

Jul 5, 1968

Thank you all for your welcome and for the wonderful work that you carry on.

presidency.ucsb.edu
Jul 4, 1968

In that pursuit, Mr. President, United States support will be gladly given.

presidency.ucsb.edu
Jul 5, 1968

Sometimes it is your job to go out and scout the road, to encounter and overcome the difficulties that always accompany such a vast new venture as this.

presidency.ucsb.edu
Jul 4, 1968

This program, sponsored by the World Meteorological Organization, constitutes one of the largest and most complex scientific and technological undertakings ever attempted as an international effort.

presidency.ucsb.edu

Other voices in this conversation