An American university professor has attempted to create a link between a dead British economist’s homosexuality and the current financial crisis.

Niall Ferguson, author and history professor at Harvard University, spoke at the 10th annual Altegris Conference this week, an exclusive event for investors and financial advisors.

According to Street Talk Live reporter Lance Roberts, who was one of the 500 people in the crowd, Ferguson said John Maynard Keynes’ economic ideas are to blame for today’s global financial crisis.

Ferguson was referring to Keynes’ philosophies that focused more on short-term needs and immediate results in an economic system, contrary to classical economics that looks for more long-term solutions to economic problems.

Ferguson pointed to the fact that Keynes was a homosexual and had no intention of having children, therefore he preferred short-term solutions for economic problems.

According to Roberts’ report, Ferguson affirmed that short-term solutions could lead economies into destruction.

According to Financial Advisor magazine, Ferguson also accused Keynes of selfish economic policies because he was an ‘effete’ member of society who married a ballerina. Ferguson went on to say that Keynes probably discussed ‘poetry’ with his wife more often than they had sex.

Keynes, who died in 1946, is one of the most respected economists of the century, who participated in the 1944 Bretton Woods Conference, where the underpinnings of modern global economy were created aimed at reconstructing the global economy as World War II was ending.