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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by justin_oaks on Thursday November 10, 2022 @03:41PM (#33553000)
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

It's an interesting read to those who enjoy economics.

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