Where does all money and wealth go in the recession?

Question

Where does all money and wealth go in the recession?

In: 6245

Answer 1

wealth, unlike energy, can be destroyed. if you say you want to buy an nft for a million bucks , it is ostensibly worth a cool mil. if in the next minute you say you dont want to buy said digital artifiact, it is worthless (at least until the next sucker steps up to the plate). nothing has changed except the desirability of the nft.