But again, like we learned with Luna, if everyone is getting MKR at a discount, why would anybody else buy? Prospective buyers want to sell their MKR that they got at a discount, too.
Because not everyone is. The protocol has only ever gone into debt once. To get rid of that debt were about 90 auctions to burn about 4.5 million DAI. The market cap at the time for MKR was over $200 million. Even if it did crash the price of MKR that doesn't affect the stability of DAI because DAI would be fully collateralized my the vaults.
