Harvard Professor Niall Ferguson told all the audience of financial advisors and investors that Keynesian economics was flawed because John Maynard Keynes himself didn’t care about future generations as he was gay and wasn’t planning to have children.
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The BBC has produced a short TV series about the men it says are the masters of money: Karl Marx, Friedrich Hayek and John Maynard Keynes. Such folly.
A recent survey suggests that only a small amount of Americans agree with Keynesian economics, which supports government increasing deficits during tough economic times, while more than half believe Keynes had it backwards.
