Now Niall is beating up poor dead Professor Keynes, who according to Ferguson is the man who put the GAY into liberal economic theory.
As Ferguson explains on his "Unqualified Apology", posted to his blog, Niall was trying to have a bit of fun at Professor Keynes' expense:
"I had been asked to comment on Keynes’s famous observation 'In the long run we are all dead.' The point I had made in my presentation was that in the long run our children, grandchildren and great-grandchildren are alive, and will have to deal with the consequences of our economic actions."Well, that is at least an arguable position, and not necessarily something that is going to force someone to have to issue an unqualified apology. So, what did bring that on?
Oh this—Ferguson continues:
"But I should not have suggested—in an off-the-cuff response that was not part of my presentation—that Keynes was indifferent to the long run because he had no children, nor that he had no children because he was gay."Oh, that old charmer. Gay people favor irresponsible, debt and inflation-prone, economics, because they don't have kids and so don't care about the future. On top of all the other stupid, wrong, aspects of austerianism, this one is—oh, rather traditional really.
It may not surprise you to know that what Ferguson tries to dismiss as an "off-the-cuff" remark is actually a rather well-known and an accepted theory amongst conservatives, and especially the Christian-right, anti-gay bigots, who have been preaching this crap for decades now.
It might, and should, disturb people to learn that Niall Ferguson, alleged expert at the history of economics, is analyzing his data with the same gay-hating assumptions shared by some of the most active religious extremists on the planet.
Ferguson, in his apology, insisted:
"My disagreements with Keynes’s economic philosophy have never had anything to do with his sexual orientation."OK, but then how does Ferguson explain this:
Cambridge University economist Michael Kitson attacked Professor Ferguson's 'empty' apology, saying on Twitter: 'These were not ''off the cuff'' remarks. I heard him make the same over 20 years ago at a history seminar he gave at St Catherine's College, Cambridge.'Good old boggy Niall is not just an off-the-cuff bigot, who blundered uncontrollably into a place he had never been before. Ferguson, like Mitt Romney in the 47% remarks, was revealing his real thinking and his true nature.
The question now is how many proponents of anti-Keynesian pro-austerity policies, are also basing their views in gay-hate, instead of economics.