Scottish historian Niall Ferguson put a public apology on his website yesterday after suggesting that the spend-your-way-out-of-recession approach of economist John Maynard Keynes was inspired by his homosexuality. (Read the BBC report, Niall Ferguson apology over Keynes remarks.’)
Despite his retraction, Christian Voice believes Dr. Ferguson was right the first time. We have reported on the British economist John Maynard Keynes before, showing how his rejection of the Biblical “sowing and reaping principle” in favour of immediate gratification formed the basis both of his deviant sexual lifestyle and his economic theories. Recognizing the obvious connection between Keynes’ personal life and his economic theory is not a matter of sexual prejudice, but of history.
A paedophile who governed his life by the principle that “in the long run we are all dead”, Keynes was himself the first to suggest that his approach to economic policy was inspired by his immoral life. Keynes wrote, “When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many pseudo-moral principles which have hag-ridden us for two hundred years .”
As this quotation suggests, it is simply not possible to disengage Keynes’ economic theories from his worldview a worldview deeply rooted in the deviance of his personal life. That is why we believe that Niall Ferguson was right the first time.