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Many years ago I was contemplating somewhat the same thing. (Food Mill, Ricer, hand mixer or a wire masher) I chose at the moment a wire style masher. Later, I ditched the other ideas and got a 4.5-qt Kitchen Aid Mixer. For bulk the KAM is a must and for the smaller jobs, out comes the wire masher.
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Mouli food mill, I got mine for under $20. Light duty, plastic food mill that works better than some $100+ models I've used at my friend's houses. I've had it for 5 years or so, and use it a couple of times a month. The metal disks appear to be made of tinned steel, so they're unhappy in a dishwasher. I typically wash them by hand. The rest of the metal parts work fine in the dishwasher.
Got mine at Zabar's in NY.
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It is tough to find a good one under $40. I had a Cuisipro one that was like $30 but it was pure junk. Oxo recently released one and its damn good, 3 different disks, will fit over most pots, or has retractable legs so you can stand it upright. They are retailing for $50, so if you can up your price $10, I think you can find one that is very comparable to some of the more expensive ones (i.e. the All Clad model for $120). Good luck!
