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Speaking to an investors conference early this month, historian Niall Ferguson was asked what John Maynard Keynes meant by his famous statement that “in the long run, we are all dead.” In an ad lib response, Ferguson suggested that Keynes’s philosophy reflected the fact that the “effete” economist was gay and childless, and therefore did not care much about the fate of future generations.

The audience reportedly went quiet at the remark, but once the comments became public, the backlash was anything but quiet. After undergoing heavy criticism online from economists and historians — many of whom pointed out that Keynes wrote a famous essay titled “Economic Possibilities for Our Grandchildren” in 1930 — Ferguson issued an “unqualified apology,” noting that his words were “as stupid as they were insensitive.” (Of his subsequent efforts to defend himself against his many critics, the best that can be said is: “Stop digging.”) Moar

Shamelessly Stolen from Daily KOS

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