This is a very interesting idea, not buying anything new, that I hadn't heard about before. Or at least not in some formalized way. Personally, I think it might be a bit extreme, and I don't think I could completely commit. But, I do think there is a lesson that can be learned and general principles that could be applied.
However, I do shudder at the thought of what the economic ripple would be if a large enough segment of our population embraced this idea in our consumer-driven economy...
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