Thursday, April 8, 2010

What is Thrift? The View from 1919

" should be perfectly clear that thrift does not mean the hoarding of money. To hoard money is one of the most thriftless things one can do with it. The miser of romance who kept his money in a secret hoard where he might gloat over it and enjoy the sensations of feeling, hearing and seeing it was, in the strictest possible sense, a thriftless consumer of wealth. Instead of using money as a tool of production or instrument of business, he was using it as a means of direct physical enjoyment. To have used it for the adornment of his body would scarcely have been more frivolous, thriftless or selfish."-Thomas Nixon Carver, War Thrift, 1919.

If you'd like to read the whole book, here it is: