Irrational exuberance Pink also used the phrase in 2009 in his book "" in the chapter discussing how extrinsic motivation can encourage short-term thinking at the cost of long-term health: "This is the nature of economic bubbles: What seems to be irrational exuberance is ultimately a bad case of extrinsically motivated myopia". Irrational exuberance "Irrational exuberance" is a phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the market might be overvalued. Greenspan's comment was made during
Fear Is the Key Fear Is the Key Fear Is the Key is a 1961 first-person narrative thriller novel by Scottish author Alistair MacLean. In the prologue, set in May 1958, John Talbot, owner of Trans Carib Air Charter Co is at an airfield in British Honduras, awaiting radio contact with one of his aircraft en route to Tampa, Florida. Not long after establishing contact the aircraft is attacked by a P-51 Mustang, after which all contact is lost. Two years later, Talbot is on trial for robbing a bank. At a point where his guilt is in doubt, new information comes to light