I'd have to also vote Mora for an inexpensive knife. All told I probably have 50 or more Moras. Most of my larger kits (eg day hiking and large PSKs) have a Mora in them. But as great as they are I virtually never carry one for EDC, mostly because I fixed blade is almost never part of my daily carry. When hiking and camping I will usually have an ESEE Izula or Izula 2 which is a fixed blade but pretty small. My EDC is usually a Spyderco (normally a Delica or Dragonfly).

My favorite sub-$50 EDC is without a doubt a Victorinox SAK of some kind. My favorites for EDC are probably the ALOX Farmer, the Huntsman or the Classic.
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