I've lived through much worse economic times than these. I remember 18 percent, or more, interest on about any loan. You could only buy a house on a contract for deed. Could not sell a house either, no one could get a loan to buy it! No one would lend mortgage money at all. Home values dropped by half in a few years. Land values dropped by two thirds. Gas prices at least tripled. I remember gas station lines that were blocks long. Gas purchases being limited to 10 gallons, if you made it to the pumps before they ran out. Bread and milk tripling in cost in 18 months or so. Rampant inflation all around. Layoffs by the hundreds of thousands. Long lists of personal bankruptcies in every days newspaper. This economy is GREAT compared to those days!
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want � unless you own a monster tractor. U
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