Rasmusen Weblog

...Hoppe, 55, a world-renowned economist, author and speaker, said he was giving a lecture to his money and banking class in March when the incident occurred. The subject of the lecture was economic planning for the future. Hoppe said he gave several examples to the class of about 30 upper-level undergraduate students on groups who tend to plan for the future and groups who do not.

Very young and very old people, for example, tend not to plan for the future, he said. Couples with children tend to plan more than couples without.

As in all social sciences, he said, he was speaking in generalities.

Another example he gave the class was that homosexuals tend to plan less for the future than heterosexuals.

Reasons for the phenomenon include the fact that homosexuals tend not to have children, he said. They also tend to live riskier lifestyles than heterosexuals, Hoppe said.

He said there is a belief among some economists that one of the 20th century's most influential economists, John Maynard Keynes, was influenced in his beliefs by his homosexuality. Keynes espoused a "spend it now" philosophy to keep an economy strong, much as President Bush did after the Sept. 11, 2001, terrorist attacks.

Hoppe said the portion of the lecture on homosexuals lasted perhaps 90 seconds, while the entire lecture took up his 75-minute class.

There were no questions or any discussion from the students about the homosexual comments, he said.

"I have given lectures like this for 18 years," said Hoppe, a native of Germany who joined UNLV's faculty in 1986. "I have given this lecture all over the world and never had any complaints about it." ...