Niall Ferguson was wrong about Keynes

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.

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