There's the invisible foot aka bounded rationality = people act with the info they have, and often not the knowledge of delays. People will extract all they ca

There's the invisible foot aka bounded rationality = people act with the info they have, and often not the knowledge of delays. People will extract all they can, and even support high prices among other extractors. They're not thinking about healing. They're thinking about their kids (who are probably doing medical school), their loans, and getting compensated for their sacrifices – the years of schooling, late nights, low initial pay. Eventually they overextract, same with the tech bubble leading into layoffs. It doesn't take that long, but long enough for people to be blindsided by it.