The Forgotten Virtue of Frugality

At the start of our nation, frugality was celebrated and admired. The biographer of John Adams notes how often Adams praised his wife for her frugal ways, and points out that most men at this point in history esteemed prudent economy. Those who lived liberally and beyond their means were cautioned and avoided. Not so today. We disdain sparse living and idolize luxury. We compliment large “borrowed” purchases and embrace extravagant living.… Read More The Forgotten Virtue of Frugality