The most recent book that I purchased is called "The American Frugal Housewife: Dedicated to Those Who Are Not Ashamed of Economy" by Mrs. Child. It was written in 1833. I bought it because when I was browsing the book, I thought it was a little funny to read. It actually has some pretty insightful stuff in it. And I, being unashamed of economy yet ashamed of our current economy, found a particular bit pretty darn fitting for today, given the current state of said economy. Just see what I found on page five:
"The consideration which many purchase by living beyond their income, and of course living upon others, is not worth the trouble it costs. The glare there is about this false and wicked parade is deceptive; it does not in fact procure a man, valuable friends, or extensive influence. More than that, it is wrong--morally wrong, so far as the individual is concerned; and injurious beyond calculation to the interests of our country. To what are the increasing beggary and discouraged exertions of the present period owing? A multitude of causes have no doubt tended to increase the evil; but the root of the whole matter is the extravagance of all classes of people. We never shall be prosperous till we make pride and vanity yield to the dictates of honesty and prudence! We never shall be free from embarrassment until we cease to be ashamed of industry and economy."
Well said, Mrs. Child in 1833. Well said.