That the idle reserves were equal to one fourth of the GNP is a fact and not IMHO
That taylor incorrectly stated Keynes' views oo the liquidity trap would be obvious to anyone who read Keynes, It is up to you to decide who to believe I only meant to set the record straight on what Keynes said and to point out the fed can not push on a wet noodle
I do not remember saying anything about gold, although I was tempted{g]