So, I was thinking a bit about it. Just how it seems like this ladder things have gotten cheaper faster and less evenly than any other ladder. Question is, how bad is it? Few different aspects:
1. Leveling and climbing ladder
2. Magic Finding
3. Pvping
4. Gameplay value
Obviously the pitch in the economy makes it really easy to level quickly. More chars available to do grushes/chaos runs, less cost. But really the top dogs of this ladder have a lot of buying power already, so cheap gear isn't a huge deal for most ladder climbers, so really it isn't a bad thing if this is why you play ladder.
Magic finding is different. It can mean that you get better mf gear to find ladder godlies sooner (saw a 2nec/20/30/29life/2os circ already!!!!) or it can mean that the hoz, occy, and tal ammy you found just have much less value and don't give you as much initiative to play the game if you aren't making a ton of fg.
Pitching the economy doesn't negatively impact pvp. The faster the enigmas get cheaper, the more players have access to them and the more pvpers there will probably be. Also you won't have to spend a ton of fg to start and get a basic pvper once people start playing.
Gameplay value can go up or down, depending on what you want from your game. Sometimes all I want to do is get grushed and chaos to 60, baal to 80+ then gear up a char and play hell or uber. Other times I want to take my time, enjoy act 3 and nightmare difficulty and all the other enjoyable but underplayed parts of this game. Obviously it makes it easier to get a high powered character and solo hell, and for all those that play through the game legitimately are no longer able to compete with the top geared chars and probably don't have much value in a character.
Overall: fast economy crash=faster lvls (good), better items on ladder (good), less fg made from basic items (bad), better and hopefully more diverse pvp (good), and a decreased value in playing the game legitimately (bad).
So really, people complain, but there are parts about the drop of the value of items that aren't bad at all. Not to say the downturn of the economy is a good thing or that I want it to always crash like this, but it isn't the end of the world that its happening.