If we didn't know it already, fiat economics ("economics") has invaded The Economist.
No surprise there.
"Although Germany cannot spend as freely as it might have in the 2010s, when interest rates were low, forgoing investment as a way of reining in excess spending is a false economy."
https://www.economist.com/leaders/2023/08/17/is-germany-once-again-the-sick-man-of-europe