Depressions are just sales for rich people, and when they occur, they produce even greater upward transfer of wealth unless legislation is introduced to prevent that extraction (as was introduced in the 1940s–94%+ marginal tax rates for the very rich in '44-'45, 70%+ for decades thereafter). I know this because right now I have some money and I face a conflict between my class interests–staying liquid to be able to gobble up assets if (when?) the bubble bursts where I live (not US)–and my moral values–recessions hurt the most vulnerable among us.