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Owen D. Young

Owen D. Young Quotes

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Famous Owen D. Young Quotes

“We wake up to find the whole world building competitive trade barriers, just as we found it a few years ago building competitive armaments. We are trying to reduce armaments to preserve the world's solvency. We shall have to reduce competitive trade barriers to preserve the world's sanity. As between the two, trade barriers are more destructive than armaments and more threatening to the peace of the world.”

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Author:Owen D. Young
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“We are not to judge thrift solely by the test of saving or spending. If one spends what he should prudently save, that certainly is to be deplored. But if one saves what he should prudently spend, that is not necessarily to be commended. A wise balance between the two is the desired end.”

IfsShouldTwoEndsDesireWiseJudgingBalanceTestsSpendingSavingThriftFrugality
Book:Selected Addresses of Owen D. Young, Chairman of Board of Directors, and Gerard Swope, President, General Electric Company
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