“Once stock prices reach the point at which it is hard to value them by logical methodology, stocks will be bought as they were in the late 1920s not for investment but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easing money policies.”

— Alan Greenspan

Greenspan in 1959. http://www.safehaven.com/article-171.htm.
1950–60s

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Alan Greenspan 51

13th Chairman of the Federal Reserve in the United States 1926

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