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As I’ve just noted, Greenspan warned about irrational exuberance, but he didn’t do anything about it. And in fact, the Fed chairman holds what I believe is a unique record among central bankers: he presided over not one but two enormous asset bubbles, first in stocks, then in housing.

— Paul Krugman The Return of Depression Economics and The Crisis of 2008 (2009)

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Quote text and notes from Wikiquote: Paul Krugman (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.