Economy is the rule of half-alive minds. There can be no doubt that it is better than waste; neither can there be any doubt that it is not as good as use.
 Henry Ford, My Life and Work (1922). copy citation

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Author Henry Ford
Source My Life and Work
Topic economy waste
Date 1922
Language English
Reference
Note
Weblink http://www.gutenberg.org/cache/epub/7213/pg7213-images.html

Context

“There comes a violent reaction against extravagance—the mind catches hold of the idea of "economy." But it only flies from a greater to a lesser evil; it does not make the full journey from error to truth. Economy is the rule of half-alive minds. There can be no doubt that it is better than waste; neither can there be any doubt that it is not as good as use. People who pride themselves on their economy take it as a virtue. But what is more pitiable than a poor, pinched mind spending the rich days and years clutching a few bits of metal? What can be fine about paring the necessities of life to the very quick?” source