Talk:Benjamin Strong Jr.

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Untitled

This article perpetrates the myth that the Federal Reserve is some sort of banking conspiracy. Yes there was a "secret" meeting that resulted in the Aldrich Plan; however, after the Panic of 1907 there was much discussion and interest in reforming the banking system in the US. The Aldrich Plan was devised in secret as the New York financial leaders knew it would fail if the public realized who devised the plan. And that is what happened: the Aldrich Plan was indeed submitted to Congress and was voted down. Although the Aldrich Plan serves as an outline for the subsequent Currency Bill (which created the Federal Reserve System) there were substantive changes made. The most important was the addition of the Board of Governors which effectively placed control out of the hands of the bankers (the Aldrich Plan called for commercial bankers to run the system). Gerald Howard, 2-21-07 71.140.198.6 01:23, 22 February 2007 (UTC)[reply]

This article should mention that Strong was the Greenspan of his day: he deliberately created an inflationary boom throughout his tenure at the Fed, setting us up for the first great depression. 24.6.159.76 (talk) 03:30, 24 December 2009 (UTC)[reply]

What's the subject--Benjamin Strong or the alleged conspiracy?

The Jekyll Island episode is controversial and interesting, but though I believe it is highly plausible, it must be presented as CONJECTURE, while here it is presented as plain fact.

But even more obviously, this article contains extremely little about Benjamin Strong. — Preceding unsigned comment added by 108.81.227.196 (talk) 17:46, 21 February 2012 (UTC)[reply]

Fringe Economists

The article cites only Charles Kindleberger - once the doyen of economic historians, but two generations ago - and Murray Rothbard - a fringe economist, revered by a small group, but disregarded as a serious source by most others - as witnesses for assessing Strong's performance at the Fed in the 1920. The economic history literature of the past 30 years has given us much more to draw on, i.e. Eichengreen, Temin, Bernanke, Meltzer, Bordo.Henry Kaspar (talk) 14:13, 1 June 2018 (UTC)[reply]

sourcing

"eventually succeeding his boss" Where is the source for this? and how long is 'eventually'?

"Economic historian Charles P. Kindleberger states that Strong was one of the few U.S. policymakers interested in the troubled financial affairs of Europe in the 1920s, and that had he not died in 1928, just a year before the Great Depression, he might have been able to maintain stability in the international financial system" Did Kindleberger really say this (which page in the book?)? Is this not the opinion of Friedman and Schwartz?Marc.1337 (talk) 10:11, 15 March 2019 (UTC)[reply]