Anti-Keynesian economics' homophobe Niall Ferguson

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 Anti-Keynesian economics' homophobe Niall Ferguson

There are a lot of sound reasons to critique Keynesian economics, but a reason that its creator was gay shouldn't be one of them.

Niall Ferguson, the Laurence A. Tisch Professor of History at Harvard University, has sadly, in 2013, just found that out.

Ferguson's speech to investors and financial analysts at the Tenth Annual Altegris Conference in Carlsbad, Calif that should have awed his audience instead it shocked and offended them.  
And what  some say were characteristically Fergusonian—contrarian,  provocative and offensive—the Harvard economic historian hinted that John Maynard Keynes (one of the most influential economists of the Twentieth Century), long-term economic theories  were misguided, at best, and flawed, at worst,  because he was childless and gay.

"Keynes was a homosexual and had no intention of having children. We are not dead in the long run … our children are our progeny. It is the economic ideals of Keynes that have gotten us into the problems of today."

In a moment that should have highlighted Ferguson's erudition on  economic history during the question-and-answer session when asked to speak on Keynes'  philosophy of self-interest versus Edmund Burke's  philosophy of a free market system, Ferguson, some would also say, stuck his foot in his mouth.
“He  was married to a ballerina, with whom he likely talked of 'poetry' rather than procreated."
Now, Ferguson, like all high profiled homophobes, must publicly do damage control to avoid  potentially jeopardizing  job security as well the  reputation of institutions   affiliated with him. Ferguson's mea culpa,"An unqualified apology" can easily be accessed from his website.

"My disagreements with Keynes’s economic philosophy have never had anything to do with his sexual orientation. It is simply false to suggest, as I did, that his approach to economic policy was inspired by any aspect of his personal life. As those who know me and my work are well aware, I detest all prejudice, sexual or otherwise."

If these words aren't contrite or authentic enough, let's remember that every bigot has at least one good friend to bail him or her out. And to Ferguson's rescue is renown gay author and editor of the blog, "The Dish," Andrew Sullivan.  

"If he really believed gay men had no