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Posted on 05/11/2013 3:54:45 PM PDT by Jandy on Genesis
Were the theories of John Maynard Keynes blemished by the fact that he was a staunch eugenicist, a homosexual, and a bigot? Ricardo Crespo, an expert on Keynes, believes that these factors are not significant in evaluating Keynes' contribution.
Ricardo Crespo
John Maynard Keynes, the last century’s most famous economist, was in the news this week. Harvard’s celebrity economic historian Niall Ferguson was addressing the Altegris strategic investment conference in California, an event for investors and financial analysts, when he was asked a question about Keynes’s impact upon modern economies.
To the consternation of his audience, he said that the great man’s economic theories had been influenced by his homosexuality: as a childless man he cared little for future generations. According to notes from a finance reporter he said:
“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. Short term fixes, with a neglect of the long run, leads to the continuous cycles of booms and busts. Economies that pursue such short term solutions have always suffered not only decline, but destruction, in the long run.”
His remarks prompted a lot of hostile discussion in the media. Subsequently Ferguson later offered “an unqualified apology” on his blog.
(Excerpt) Read more at college-ethics.blogspot.com ...
Verum Nocet..........
“Gay” or not, forcing Joe Six Pack to bail out the government every time the politicians and BIG business screw up the economy is a pretty goofy way to run a joint.
Why excerpt?
Getting some money for excerpting?
How much are you paid per hit?
Can I join in? I'll excerpt this mess if I'm paid.
How much do you get?
So, he came to the wrong conclusion about everything in his life; but, he got the money part right? I don’t think so, LOL.
Worldview always matters. Ideas are the most important thing in life and civil societies. He was an evil Fabian Socialist who hid his intent from the “masses”.
His ideology was toxic——it collapsed England’s economy. His ideas led to the rape and castration of many boys.... His ideas have led to the indoctrination of many of our children into socialism and homosexuality. It is why the Supreme “Court” is even discussing such an irrational Marxist concept as “homosexual” marriage. Promoting perversions has always been one of the chief ways to collapse a Christian society and destroy the concept of Mother and Father.
A better article on this sick, diseased mind: “Sugar Keynes at Harvard” (written in 1971). This is just the Addendum-—the whole article is well worth your time.
http://www.keynesatharvard.org/book/Sugar_Keynes.html
Blemished???
To the left, that would make him God.
If the future is always brighter then you can borrow from it without fear.
Of course if you actually take a look at human nature and see its many flaws then you will be a bit more conservative in your borrowings.
Keyne's flaw may be that he viewed the openly libertine lifestyles of his friends in the Bloomsbury Group as a generally good thing. He was very wealthy himself so he could afford it. But can an entire country support a huge population of bohemians?
I suspect someone hit him right in the speaking-fees in order to get him to walk it back so quickly
SanFranNan Pelosi thinks so. Remember her pimping of Obamacare saying "... you can be an artist and not worry about healthcare any more..."?
I think the point was "... as a childless man he cared little for future generations."
It's Joe Six Pack's own fault for voting these numnutts in. It's the damage to future generations that's abhorrent.
Bingo!
Why trust a misogynist with no personal stake in the future?
Bttt
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