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U.S. Census Bureau Daily Feature for June 5

WASHINGTON, June 5, 2015 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

U.S. Census Bureau

ECONOMIC INDICES

Profile AmericaFriday, June 5th. This date is notable in the realm of economics, for it marks three significant anniversaries in that science. Political economist Adam Smith was believed born on this date in 1723 in Scotland. In 1883, the prominent 20th century economist John Maynard Keynes was born in England. A Keynes contemporary noted that "If all economists were laid end to end, they would not reach a conclusion." That's the case with Smith and Keynes, as broadly speaking, they represent supply-side and demand-side economics. And on this date in 1933, the U.S. went off the gold standard, making the dollar a floating currency on the world market. To help businesses and governments sort out all this and more, there are around 2,900 economic consulting services across the nation. Profile America is in  its 19th  year as a public service of the U.S. Census Bureau.

Sources:
Adam Smith: http://www.biography.com/people/adam-smith-9486480 
John Maynard Keynes: http://articles.chicagotribune.com/2003-06-05/news/0306050035_1_sirhan-sirhan-supreme-court-john-maynard-keynes 
George Bernard Shaw quotation: http://www.quotationspage.com/quote/23681.html 
U.S. drops gold standard: http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard/print 
Economic consulting/NAICS 38920: http://factfinder.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2012_US_54I3&prodType=table

Profile America is produced by the Center for New Media and Promotions of the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Multimedia Gallery" by the "Newsroom" button). 

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-census-bureau-daily-feature-for-june-5-300090905.html

SOURCE U.S. Census Bureau

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