Yes, downturns help expose "the bezzle": the gap between perceived value and long-term economic value. I first learned the term "bezzle" here on Hacker News an

Yes, downturns help expose "the bezzle": the gap between perceived value and long-term economic value. I first learned the term "bezzle" here on Hacker News and read more about it in the article "Why the Bezzle Matters to the Economy": https://carnegieendowment.org/chinafinancialmarkets/85179 https://carnegieendowment.org/chinafinancialmarkets/85179 It's an interesting read to those who enjoy economics.