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I recall a study (FWW I think) where the manager at Sear's mentioned the problem with their chisels was not that they could not make a good steel, but that their buyers would use the chisels for things like opening paint cans and other tasks better accomplished with screw drivers, etc..., and they did not want to incur the liability that would come with putting a good chisel in the hands of a very general audience.
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