“No analogy is perfect, but it is still not comforting that the solutions advanced by antibullionists of that bygone era closely resemble those adopted in the 1930s or today. In the present era, Fannie Mae, Freddie Mac, and the Federal Housing Administration compare with the loan-office solution. Specie suspension resembles the massive plugging of the hole in the banking system’s balance sheet with temporary reserves. The use of newly minted, inconvertible currency for priming the pump with “internal improvements” is a Keynesian game plan invented more than one hundred years before its time.”

Goes to show two things…first, history ( sometimes very unfortunately) tends to repeat itself and second, Mr. Keynes wasn´t as original a thinker, or as “visionary” as most people think he was. This is why Rothbard´s writings seem always to be so fresh and contemporary.