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  • Originally published 05/06/2013

    Trashing Keynes for Being Gay is Nothing New

    J.M. Keynes (right) and Duncan Grant in 1913.Harvard economic historian Niall Ferguson told a group of financiers and investors last Saturday that John Maynard Keynes was a flawed economist who didn't care about future generations because he was childless and gay.Tom Kostigen, a reporter for Financial Advisor magazine, first reported on the story:Ferguson asked the audience [at the Tenth Annual Altegris Conference in Carlsbad, Calif.] how many children Keynes had. He explained that Keynes had none because he was a homosexual and was married to a ballerina, with whom he likely talked of "poetry" rather than procreated. The audience went quiet at the remark. Some attendees later said they found the remarks offensive.It gets worse.

  • Originally published 05/06/2013

    Niall Ferguson: Keynes was wrong because he was childless and gay

    Harvard Professor and author Niall Ferguson says John Maynard Keynes' economic philosophy was flawed and he didn't care about future generations because he was gay and didn't have children.Speaking at the Tenth Annual Altegris Conference in Carlsbad, Calif., in front of a group of more than 500 financial advisors and investors, Ferguson responded to a question about Keynes' famous philosophy of self-interest versus the economic philosophy of Edmund Burke, who believed there was a social contract among the living, as well as the dead. Ferguson asked the audience how many children Keynes had. He explained that Keynes had none because he was a homosexual and was married to a ballerina, with whom he likely talked of "poetry" rather than procreated. The audience went quiet at the remark. Some attendees later said they found the remarks offensive. It gets worse. Ferguson, who is the Laurence A. Tisch Professor of History at Harvard University, and author of The Great Degeneration: How Institutions Decay and Economies Die, says it's only logical that Keynes would take this selfish worldview because he was an "effete" member of society. Apparently, in Ferguson's world, if you are gay or childless, you cannot care about future generations nor society....