Deals made on the basis of the valuation of future wealth were always gambles by both sides. The folks who cashed out made a profitable bet on future informatio

Deals made on the basis of the valuation of future wealth were always gambles by both sides. The folks who cashed out made a profitable bet on future information and could have just as easily lost out. Their experience has no influence on the real wealth (in goods, not money) of the nation.