I am saying, if you take a long enough view, "the European project" has been so wedded to "sound money" and "common sense economics" that it's been "not even wrong" for at least the last 80 years.

The major (i.e., policy relevant) macroeconomic strains of thought today, Aust(e)rianism, Keynesianism and Monetarism originated in Continental Europe, Britain and the US respectively. That should tell us something: Continental Europe is the home of harebrained "common sense" economics.

Yes, France had the Physiocrats, Italy has been big in Chartalism/Circuitism, there are Marxian economists all over Europe.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS