Who said the phrase "irrational exuberance"?

Who said the phrase "irrational exuberance"?

 

 

AI Overview

 

Alan Greenspan https://www.cato.org/blog/reflections- ? ??????????, then-chairman of the Federal Reserve, coined the term "irrational exuberance" in a December 1996 speech. He used the phrase to describe investor enthusiasm that inflated asset values beyond their fundamental worth, particularly in the context of the dot-com bubble.