Each man has a right to consume what he owns. 

He does not have a right to consume what is owned by someone else.  The only way that he can sustain his life (which he has a right to do) is by consuming his own propety.

It further follows that:

Each man has a right NOT to consume. 

This means only that a man may not only consume whatever he owns, but he may consume it whenever it pleases him to do so.

To refrain from consuming is only to postpone the ultimate decision over a property.  Another word for it is saving.  A man has a right to save what he owns.

This means further that: