I think overvaluation of worthless things can lead the economy downhill... It's very common nowadays, for an example the overvaluation of worthless culture: movies, music, tv shows, behaviors. Countries that go this way renounce their potential to produce good content to export it to the world.
They lose their status and become a second or third class country. The content they produce will be priceless, reflecting on the economy results. Sadly even very advanced countries are committing these mistakes.