Zanny Minton Beddoes

Governments need to lay out a credible path to reducing their deficits in the medium term, but without excessively enfeebling an already weak recovery. That means raising retirement ages and overhauling pensions; putting in place the budget rules and institutions that will curb future profligacy; and favouring spending cuts over tax increases.

British Journalist

Francesco Guicciardini

I know no man who feels deeper disgust than I do at the ambition, avarice, and profligacy of the priesthood, as well because every one of these vices is odious in itself, as because each of them separately and all of them together are utterly abhorrent in men making profession of a life dedicated to God.

Italian Historian

Gita Gopinath

If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.

Indian Economist

Profligacy implies negative judgment and criticism for irresponsible financial behavior.

Negative Connotation

Use 'profligacy' to describe excessive or reckless spending, particularly in economics or budget discussions.

Financial Context

Apart from money, 'profligacy' can refer to wasteful use of other resources like food or energy.

Resource Waste

'Profligacy' in a moral sense reflects behavior that strongly goes against accepted standards of morality.

Moral Critique

The term suggests behavior considered shamefully excessive or indulgent by cultural standards.

Cultural Disapproval

Profligacy often points to excessive indulgence, such as in pleasure or vice, beyond practical or ethical bounds.

Profligacy

Negative Connotation

Financial Context

Resource Waste

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