I think the bigger problem is that people stop being able to price anything in a reasonable way. Should companies be valued at 1x revenue? 2x? 10x? 437x? How do

I think the bigger problem is that people stop being able to price anything in a reasonable way. Should companies be valued at 1x revenue? 2x? 10x? 437x? How do you decide if the value of the thing you're using as the denominator changes wildly. The downside of this is, instead of people working to create productive things, effort instead shifts to gambling and gaming the system. Witness what's happened all over our economy. It's like a cancer devouring everything: Robin Hood, GameStop, Crypto. You name it and it's turned into a casino. How does any of that increase human wealth?