Interestingly, Minsky had a large influence on the MMT economists, and you're essentially paraphrasing his financial instability hypothesis http://www.levyinsti

Interestingly, Minsky had a large influence on the MMT economists, and you're essentially paraphrasing his financial instability hypothesis http://www.levyinstitute.org/pubs/wp74.pdf http://www.levyinstitute.org/pubs/wp74.pdf