![]() ![]() The speech was officially titled “The Challenge of Central Banking in a Democratic Society,” but most people simply dubbed it the “irrational exuberance speech.” In this speech – which was given to the American Enterprise Institute (AEI) - Greenspan said, In December 1996, Alan Greenspan (#29) gave one of the most memorable and remarkable speeches in the history of central banking – “The Irrational Exuberance” speech of December 05, 1996. ![]() Fortunately, because Jeremy Siegel is so eager to offer his opinion on all sorts of topics he clearly knows nothing about, it is not necessary to simply rely on the three attributes above to prove his colossal ignorance. In the same way that “three strikes and you’re out” is the fundamental rule of baseball, these three attributes of Siegel amount to proverbial three strikes against his competence in anything even tangentially related to the real economy. Jeremy Siegel has two Ivy League degrees in economics, teaches at an Ivy League college - the University of Pennsylvania - and is a frequent guest on CNBC.
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