1 are you aware that banks had excess reserves equal to one fourth of the GNP during the depression and very little money was being demanded as loans from the banks?
2 do you know that Keynes did not believe banks could expand the money in the hands of the public if the public did nt borrow borrow, and he discussed "the liquidity trap"?
Taylor and everyone else should read Keynes and study economics before holding forth on the subject
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