After 70 months of payments, you've got a paid-off car that you bought for $40k, that ended up costing you $50k (thanks to interest), that's now only worth $16k (thanks to depreciation).
So, as astronomically stupid as that is, why are people still buying new cars?
Carl B Menger
Bitcoin Chief Hodler
Subscribe: https://carlbmenger.substack.com/
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This is how unelected elites rule…
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This is peak fiat.
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