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The expression “Irrational exuberance” was originated by Alan Greenspan to describe a runaway stock market, and was made famous by Prof. Robert Schiller in his bestselling book. Now it seems we have a new expression... “Irrational...
Carlo "Charles" Ponzi (1882-1949) Born in Parma, Italy, Ponzi immigrated to America in 1903 and was quick to show his entrepreneurial flair.
“Cassandra cried and cursed the unhappy hour, Foretold our fate, but, by the god’s decree, All heard, and no one believed the prophecy.” (Aeneid 2.323, Dryden Translation).
The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins

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