I would argue we've already been in this scenario since the 2008 housing crisis. Inflated asset prices due to excess credit issued by the bank of japan, a central bank, lead to the bubble and bust. BOJ then "bailed out" major industries leaving decades of low employment and wage gains, with the taxpayer footing the bill. We practically copy/pasted it with sub-prime mortgages, inflating housing prices, bubble burst, bailouts and taxes.