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Let’s say Americans want to sell their $50k+ F-150s to drive $20k BYD sedans, would they save that $30k? The wealthiest Americans w/ low MPC might, but they aren’t buying budget cars. Most Americans, w/ high MPC, will spend that $30k, driving up prices in other sectors of the economy.
May 8, 2025, 6:28 PM
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