why the financial models don't work for the four people who are interested i had a theory a few years back on bifurcating debt created normal curves where towards the end of any ponzi like hyman minsky style debt created bubble the expected returns bifurcate into two separate normal curves either high positive or high negative i e hyperinflation or strong deflation it went nowhere because i was considered insane by those who took the time to listen to me now it doesn't seem so crazy has anyone seen anything published or reviewed in the academic literature other than minsky that has considered this bifurcating dynamic