profligacy

[prof-li-guh-see]
noun
1.
shameless dissoluteness.
2.
reckless extravagance.
3.
great abundance.

Origin:
1730–40; proflig(ate) + -acy

prodigality, profligacy.
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World English Dictionary
profligate (ˈprɒflɪɡɪt)
 
adj
1.  shamelessly immoral or debauched
2.  wildly extravagant or wasteful
 
n
3.  a profligate person
 
[C16: from Latin prōflīgātus corrupt, from prōflīgāre to overthrow, from pro-1 + flīgere to beat]
 
profligacy
 
n
 
'profligately
 
adv

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Example sentences
Hardest of all will be finding the political will to curb profligacy.
The industry became a byword for mendacity, secrecy and profligacy with
  taxpayers' money.
But the profligacy represented by home garbage disposers and throwaway cameras
  is new.
Capital flows should improve a country's macroeconomic stewardship by rewarding
  prudence and punishing profligacy.
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