Lost Generation in Europe Deliberately Created by [Existing] Elites.
The stupidity of this is scarcely to be believed. Appropriately selected economists have advised and guided these policy steps. How did their outlook take over the field? Can an entire, supposed research profession be "bought" simply by funding faculty positions & think tank fellowships? Sure. Orthodox economists will apparently say anything for a piece of gold, or 30 pieces of silver.
Creating lost generations de novo is "living within your means?" Families have NEVER raised kids just to be abandoned. That perverts the fundamentals of biology. Economics has become deranged and has nearly unhinged our brand of capitalism. There's no way a lost generation represents productivity. Something stinks in orthodoxy, and now it has tenure.
The NeoCon/NeoLiberal/WashingtonCons are fighting a losing battle, of course, and are eventually dragged, kicking & screaming, to logical "sensus," despite the dedicated con jobs. In the end it's either progress or national suicide. Arthur Kitson specifically mentioned US university professors being fired in the 1890s for the sin of discussing fiat currency in economics courses (despite Ben Franklin & Abe Lincoln as champions of the concept). Dismissal of diverse innovators was demanded by bankers threatening to pull their contributions to the universities if their demands weren't heeded. Is national suicide considered an asset in orthodox economics? If so, the NeoLiberal method requires a lost generation of economists.
Must we go through this costly cycle yet again, instead of simply putting our heads together and doing the obvious, sooner?
