After reading the wikipedia article, I agree. I don't see what the parallel could be for "good information" being taken "out of circulation" by hoarders (since

After reading the wikipedia article, I agree. I don't see what the parallel could be for "good information" being taken "out of circulation" by hoarders (since it's non-fungible). Perhaps he intended something like https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons, that can explain people pitching bad ideas as credible due to information asymmetry.