Niall Ferguson Claims Keynes Was Too Gay and "Effete" to Be Right On Economics

Harvard professor of History and author Niall Ferguson launched a shocking homophobic outburst at the Tenth Annual Altegris Conference in Carlsbad, California. Tom Kostigen of the Financial Advisor magazine reports that Ferguson claimed that the economic philosophy of the famous British economist John Maynard Keynes was "flawed and he didn't care about future generations because he was gay and didn't have children." Dan Jamieson at the Investment News also tweeted Ferguson's remarks:


Speaking to the meeting of more than 500 financial advisers and investors, Ferguson made the comments in response to a question about the merits of Keynes's philosophy of self-interest versus Edmund Burke's economic philosophy. Asking the audience how many children Keynes had, according to Kostigen, Ferguson went on to tell the audience 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." 

Keynes's selfish worldview, said Ferguson, was not surprising because he was an "effete" member of society. Thus according to Ferguson's twisted logic, if you are gay or childless, then you can't possibly care about future generations. As Henry Blodget at Business Insider said, saying "Keynes' economic philosophy was based on him being childless would be like saying that Ferguson's own economic philosophy is based on him being rich and famous and therefore not caring about the plight of poor unemployed people."

Disagreeing with and critiquing Keynes' economic philosophy is one thing (although by saying that Keynes' didn't care about future generations Ferguson is misrepresenting him). An illogical and homophobic outburst is another. Twitter, of course, is having some having some fun at Ferguson's expense:




The last word I shall leave to the writer, formerly of Gawker, who goes by the pseudonym Mobute Sese Seko: