Re: question about hand tools and power tools
Depends what you are doing and how often you are doing it.
I inherited most of my hand tools. They are pretty good quality because my grandfather never bought junk.
That being said, if I were to by hand tools, I'd go to a place here like Sears or Canadian Tire that have lifetime guarantees on hand tools (at least I think they still do) - if you break them, they replace them, no questions asked. Generally hand tools are cheap enough that even a better quality is not significantly higher in the price point than the garbage stuff.
Power tools are another matter as costs start to dictate a bit more. If your only doing the occasional bit of work you can get by with the lower end stuff. If you want to do a lot of cutting (or whatever) or you want high quality work, invest in the better stuff. I don't think I'd use my compound miter saw for crown mouldings because I don't trust the miter/bevel sets to be very accurate.
It is only the cynic who claims “to speak the truth” at all times and in all places to all men in the same way, but who, in fact, displays nothing but a lifeless image of the truth… He dons the halo of the fanatical devotee of truth who can make no allowance for human weaknesses; but, in fact, he is destroying the living truth between men. He wounds shame, desecrates mystery, breaks confidence, betrays the community in which he lives, and laughs arrogantly at the devastation he has wrought and at the human weakness which “cannot bear the truth”. Dietrich Bonhoeffer, in Ethics.