lists at MCFEDRIES.COM
Mon Nov 1 22:02:51 UTC 1999
Not to be nitpicky, but I just checked the text of Greenspan's speech,
and he actually used the term "virtuous cycle":
To be sure, there is also a virtuous cycle at play here.
A whole new set of profitable investments raises
productivity, which for a time raises profits -- spurring
further investment and consumption.
This is not quite as popular as "virtuous circle," with only 434 L-N
citations for 1999. Note, too (insert nod to Fred Shapiro here) that the
OED doesn't have virtuous cycle (or even vicious cycle, for that matter;
it does have vicious circle and vicious spiral).
The earliest L-N citation is from Business Week, February 12, 1979:
They call it the "virtuous cycle," one in which a series
of sound economic policies sets off a chain of events in
which improved economic performance produces sound
currencies. This in turn helps to improve economic
Word Spy: http://www.logophilia.com/WordSpy/
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