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Paying debt does nothing to stimulate production.

So, are we better off investing unexpected funds into new purchases or paying off nagging debts. I have always tried to keep the debt as small as possible.

1 posted on 07/11/2003 8:53:25 AM PDT by Theodore R.
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2 posted on 07/11/2003 8:55:38 AM PDT by Support Free Republic (Your support keeps Free Republic going strong!)
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To: Theodore R.
Speaking from the perspective of an old, reasonable technical, geezer, I have a few comments.

1. In 1968, many cars were V-8s rated at 300 hp. Now the same company wants me to buy a 225hp V-6 for the price of my first house. I think not.

2. Television receivers are bigger and better that before. However, the programming stinks (I can't watch the news anymore because I become enraged). Will I buy another? I think not.

3. Functionally, the personal computer that I use is still DOS based (although gussied up) with slightly better capabilites than those of 10-15 years ago. Should I lay out X bucks for a new one? I think not.

4. Guns. To my eye Winchesters made prior to 1954 are better that anything which I can buy on the mass market today. Fit and finish of a 1904 Colt single action revolver exceeds that of one produced today. Am I going to rush out and buy a new one? Guess.

5. Furniture. Try to find non custom made wooden furniture. Many antiques are better made that what one can buy off the floor.

I stop here.

3 posted on 07/11/2003 9:17:06 AM PDT by Citizen Tom Paine (The past is an unknown land)
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