Quote:
Originally Posted by MelBridgeman
Tariffs the latest boogie man... If you buy your stuff second hand ect, which "i would imagine most of those fumbling peasants who voted for Trump do"... no effect there either.
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Wrong. More expensive new goods leads to less new goods purchased leads to less supply of second hand goods leads to more expensive second hand goods. That's without getting into substitution effects (which also make second hand goods more expensive in an environment with more expensive new goods).