Word: buy
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Dates: during 1980-1989
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When it comes to productive tools, we should buy the best, regardless of origin, because it's in our long-term self-interest to do so. The best tools | make for the most competitive products. But when it comes to trinkets, we should think twice. Of course, with a lot of today's trinkets -- VCRs and camcorders, to name just two -- there's no way to buy American. The only choice is whether to buy at all, or whether, perhaps, to invest that money instead...
...They could buy a less expensive car than they otherwise might, investing the difference, as the Indians should have, to grow richer. (Actually, many of us are not buying the trinkets with money we have. We're borrowing to buy the trinkets, which is really insane...
...They could buy an American car, even if it began to shimmy at 90 or 100 m.p.h. on the autobahn...
...reason Soviets have little use for their own currency is the shortage of consumer goods to buy. The result is that thegoods have become the storehouse of value rather than the money, as in hyperinflationary economies. A leading Soviet economic official told a visiting American that his neighbor had a seven-year supply of detergent in his tiny apartment...
...labeled "the Human Piranha"; a Briton so chilly to his colleagues that he is called "Sir Sangfroid"; an irritable trader who throws a phone at his clerk every time he passes; and a bond trader who thrives on global catastrophe. Minutes after the Chernobyl disaster, this fellow advises, "Buy potatoes." Lewis suddenly understands: "Of course. A cloud of fallout would threaten European food and water supplies . . . placing a premium on uncontaminated American substitutes...