It makes fx all difference. Miner and MN emission is constant, it wouldn't matter a damn if it was all going to miners or all going to MN's, if it's getting to markets then the market (supposedly) matches that to cash flow in, matches supply to demand.
Go back and look
this diagram.
You're making the same mistake as Ryan did - pretending the primary market doesn't exist. That's why we're in this mess in the first place. The point is that the supply is NOT finding its way into markets. Masternode rewards BYPASS the primary market and go straight into holder pockets without them ever having to fork out a dime (remember I'm talking about the
nodecount equilibrium case so you can't argue that masternodes are somehow more "deserving" of the reward. It's exactly the same thing in accounting terms as giving the reward away to anyone).
So you're wrong. It does make a difference - a whole lot of difference.