Judging from this comments, mainstream economics can be faulted for inviting a lack of probity & sanity:
And so Europeans are bemused by “antique preoccupations” for caring about preserving material value or being restrained about imposing burdens on future generations & hewing to agreements…?
Why is this? Well, they are being told by “credible authorities” (that, alas, constitutes perhaps 95% of economists) to run larger deficits, accept larger public-sector debt burdens. In short, do ANYTHING but fix the fundamental imbalances created on the back of decades of lousy economic policy advice from the same economists.
