Even if it did, it'd be a misallocation of intellectual energy.
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You also have a massive misallocation of labour within the economy.
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He also hates the misallocation of resources based on mere myths.
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This would have led to a very bad misallocation of the capital.
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Nothing over the long haul can compensate for a misallocation of capital.
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Pumping too much money into the financial system risks widespread capital misallocation.
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Experience teaches that credit bubbles inevitably lead to large misallocation of resources.
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"Credit creation is driving a rising misallocation of resources," Mr. Magnus said.
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He denied the charge of misallocation of funds when questioned by reporters.
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And there's a lot of misallocation that goes on in this process.
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And that is leading to a misallocation of resources all over the world.
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Giridharadas rightly argues that this misallocation of resources creates a grave opportunity cost.
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Political control over economic resources is a recipe for corruption and capital misallocation.
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"It is a massive misallocation of resources and capital to fight this thing," Martin said.
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When you get a misallocation of resources, it really hinders growth over the longer term.
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"It is encouraging undue risk-taking, political complacency, capital misallocation and asset price bubbles," he added.
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AND WHEN YOU GET A MISALLOCATION OF RESOURCES, IT REALLY HINDERS GROWTH OVER THE LONGER TERM.
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"Today eBay suffers from an inefficient organizational structure, wasteful spend and a misallocation of resources," Elliott wrote.
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A second issue of concern that arises from these new partnerships is one of misallocation of funds.
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"The resulting persistent resource misallocation, however, raises the risk of a disruptive adjustment in China," the IMF said.
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With bonds yielding little return, investors have flocked to stocks, raising concerns about misallocation of capital and bubbles.
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The excessive degree of Chinese investment and credit creation has given rise to a tremendous misallocation of resources.
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China's state interference with commerce, for instance, can lead to perverse incentives and an inevitable misallocation of resources.
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"Today eBay suffers from an inefficient organizational structure, wasteful spend and a misallocation of resources," Elliott wrote at the time.
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Girard, who calls herself a hawk, said low rates have caused misallocation of resources, which has in turn restrained economic growth.
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A new paper** from the OECD examines the link between zombie firms, capital misallocation and the design of corporate-insolvency regimes.
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Over time, low rates and QE can also encourage misallocation of resources to leverage-sensitive sectors, including real estate and construction.
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And the resulting misallocation of resources means that people who critically need but cannot afford high-priced drugs won't get them.
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"Counterintuitively the risks around misallocation of capital are greater now that the sector has largely resolved their balance sheet problems," Stansbury said.
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The answer to the productivity puzzle may lie instead in the "misallocation of resources", which sounds complicated but is actually fairly simple.
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While lower rates should help boost aggregate demand in the economy and raise employment, more zombie companies means more misallocation of resources.
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When America should be focusing on deterring great power conflict, serving as first responder to Europe is a dangerous misallocation of resources.
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American consumers lose with delays and with government misallocation of spectrum resources, while centralized planning from China abetted by American bureaucracy wins.
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Inaccurate counts paint a distorted picture of the makeup of our communities and result in a misallocation of resources vital to families.
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The ministry said it would investigate and punish irregularities including the embezzlement or misallocation of the funds allocated by the central government.
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The ministry said it would investigate and punish irregularities including the embezzlement or misallocation of the funds allocated by the central government.
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Compounding matters is the fact that global credit markets have been characterized by both the gross misallocation and the serious mispricing of credit.
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Another result is therefore a misallocation of resources away from the most penalized activities to the most favored ones, thereby depressing productivity; i.e.
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Before his election, the president ran two companies which were later implicated in an independent report on the misallocation of earthquake reconstruction funds.
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The ministry said Wednesday that irregularities including the embezzlement or misallocation of funds allocated by the central government would be investigated, Reuters reported.
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"Today eBay suffers from an inefficient organizational structure, wasteful spend and a misallocation of resources," it wrote in a letter at the time.
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"European money is too cheap and that leads to misallocation of assets," Bäte told CNBC's Nancy Hungerford at the Singapore Summit last weekend.
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We cannot afford to have someone with such a fundamental misallocation of priorities in the role of chief advocate for our nation's workers.
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These distortions lead to a systematic misallocation of resources, says Mr Levy, a former deputy finance minister and head of the social-security institute.
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This is further compounded by misallocation, lack of transparency, poor asset management and an absence of a framework for measuring impact of public spending.
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It's "not only a fantasy, but it would be a gross misallocation of resources," DeFauw said bluntly at a roundtable attended by local businessman.
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DRUCKENMILLER: WELL THE CONSEQUENCES ARE HUGE BECAUSE WE'VE DISTORTED MARKET SIGNALS AND WE'RE CAUSING ALL SORTS OF WHAT I WOULD CALL MISALLOCATION OF RESOURCES.
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This causes not only price competition but also misallocation of resources, as each state scrambles to amass its own stockpile, regardless of relative need.
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Many of these tax breaks — all told, there are over $1.5 trillion per year — contribute to a massive misallocation of resources in the economy.
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An occasional error, such as a misallocated trade, isn't considered "material" whereas a systematic pattern of misallocation is material, and appropriate action is taken.
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The figures represent more than just a disastrous misallocation of need and want, given that 271 percent of people in the world are chronically undernourished.
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For the program to reach its full potential, we need to solve the misallocation of Federal Work-Study and help it connect students to careers.
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"We mistakenly left these URLs open not to make money or anything nefarious, but from a lack of monitoring and a misallocation of resources," he wrote.
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This suggests that, even factoring in its enormous waste, corruption and misallocation of resources, China will achieve a good portion, if not 100%, of its goals.
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The articles chronicled dysfunction and incompetence within the department, corruption and nepotism at the tribal level, and misallocation of funds at Indian reservations around the country.
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While these types of distortions may prompt a small fraction of companies to innovate, misallocation more generally is a major factor behind cross-country differences in productivity.
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"Misspending including misallocation of capital has always been a risk for energy assets, and will continue to grow due to fundamental shifts in the industry," Demirdoven added.
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Besides the misallocation of resources, many felt they had turned a candidate known for her tough-minded, blunt-spoken approach to politics into a more conventional politician.
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In fact, last year local rice prices rose 13 percent, versus a 16 percent drop in the Asian benchmark, partly due to the misallocation of subsidized fertilizers.
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A gift will cause a misallocation of resources if the recipient would have preferred something else that would have been no more expensive for the donor to acquire.
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Britain has seen a more acute misallocation of resources than the average G7 economy, which may reflect the acute damage done to its financial sector during the crisis.
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And we still have a lot of mismanagement in the central bank side you know still European money is too cheap and that leads to misallocation of assets.
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Some worry that the current low-rate environment has generated capital misallocation and boosted asset values — stocks in particular — while penalizing savers and pensions and holding back economic growth.
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The result is a financial sector much bigger than the economy needs, chronic misallocation of capital and the diversion of some of the country's top talent into counterproductive work.
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The IMF's bean-counters calculate about a third of the slowdown in productivity growth since the recession is down to misallocation of resources (though they struggle to explain the rest).
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What we have, I think, is kind of a misallocation of where people really need help versus other places where it's almost like they're ready to go back to work.
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"One of the challenges for the world is that as China has grown and not moved toward market orientation, that means that the misallocation of capital actually increases," Malpass said.
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The fear, for Facebook, is that the government may decide that the company didn't reveal enough to either investors or the public about the extent of the misallocation of user data.
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It leads to a misallocation of resources, creating favored industries that are too big and disfavored sectors that are too small relative to the size they would be in a free market.
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Heymann said, "There's been serial capital misallocation here for a long time," since 2004 in the early years of Immelt, who took over at GE in 2001 from longtime boss Jack Welch.
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To be sure, it might not be improper for the president to tell the FBI director to back off an investigation if the president thought it was a misallocation of bureau resources.
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Capital expenditure by businesses has been particularly subdued, the bank said, and strong employment figures mask a misallocation of UK company resources to labour rather than capital which will ultimately hurt productivity.
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"In India in particular, the case for UBI has been enhanced because of the weakness of existing welfare schemes which are riddled with misallocation, leakages and exclusion of the poor," the report states.
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The failure of a particular model of urbanism, perhaps, or the misallocation of resources by the Los Angeles Police Department, or maybe the next evolution of relational aesthetics into something resembling Fear Factor.
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LONDON (Reuters) - Angolan billionaire and former first daughter Isabel dos Santos denied corruption accusations against her on Thursday after she was named a suspect in mismanagement and misallocation of funds by Angolan prosecutors.
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"Auditors are one of the key lines of defense against the risks of capital misallocation, stranded assets and corporate failure," Edward Mason, head of responsible investment for the Church Commissioners for England, said.
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And this column is not meant as comprehensive accounting of costs and benefits, even though questions about the costs to employers, the potential for misallocation of resources, or other concerns need to be addressed.
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Economists like Gordon are fond of criticizing China for its top-down misallocations of physical capital, but few think deeply about the misallocation of human capital — and potential for realignment — within our own economy.
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"It seems to be like 2020 is shaping up to be the year of resource misallocation in the name of — but not actually — saving the climate," Peirce said in a phone interview with CNBC.
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He calls this " attentional misallocation": if you're automatically thinking about bad meeting, an argument with your partner, or something really positive like a raise, those states draw your attention elsewhere, distracting from the episode.
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Banerjee and Duflo's frequent admonitions to study the distinct reasons for various types of "sticky" behaviour and for the misallocation of resources can appear at odds with sometimes careless jumps to broad cross-cultural conclusions.
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But while there is plenty of capital to invest in things like ClimateTech, a lot of the data that's needed to tackle this big issue is badly applied, leading to a big misallocation of resources.
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A comparable boom in the financial services industry took place in the lead-up to the 2008 crisis, and in both cases it's hard to read these as anything but a misallocation of economic resources.
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LONDON, Jan 23 (Reuters) - Angolan billionaire and former first daughter Isabel dos Santos denied corruption accusations against her on Thursday after she was named a suspect in mismanagement and misallocation of funds by Angolan prosecutors.
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Carstens also said the possible short-term gain of lowering borrowing costs had to be balanced against the "potential risks in terms of asset misallocation and asset mispricing and financial stability risks as we move forward".
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A misallocation of funds had the organizers scrambling and begging con-goers to donate $17,000 by the end of the first night, as the Renaissance Schaumburg Convention Center Hotel was "threatening to shut down" the event.
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There is a huge misallocation of workers in America right now — too many workers in relatively low-productivity places like West Virginia and Scranton and too few in high-productivity places like Boston and Southern California.
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Prioritizing these high-wage, globally traded industries of the 21st century, as the Rubio report calls for, is not some kind of statist misallocation of resources, but rather needs to be a core component of modern statecraft.
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"Search for yield by investors around the world, risk of fiscal dominance looming for central banks, misallocation in the real economy all put our common goal of strong, sustainable, balanced and inclusive growth at risk," he warned.
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Now we have supposedly advanced beyond those divisions, and if violence or fanaticism still intrudes it's because of technical and political failures — insufficient education, the misallocation of resources, insufficient dialogue, ideological manipulation — rather than deep theological divides.
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"Search for yield by investors around the world, risk of fiscal dominance looming for central banks, misallocation in the real economy all put our common goal of strong, sustainable, balanced and inclusive growth at risk," he said.
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Critics worry that domestic-focused funds in general can fall prey to a misallocation of resources or outright corruption, citing the example of Malaysia's 1MDB, which is the focus of money-laundering probes in at least six countries.
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Critics also worry that domestic-focused funds in general can fall prey to a misallocation of resources or outright corruption, citing the example of Malaysia's 1MDB, which has been focus of money-laundering probes in at least six countries.
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"Ultra-loose monetary policy in many regions has been encouraging undue risk taking, policy complacency, capital misallocation and asset price bubbles, and will continue to do so if it is not reversed in time," Schaeuble said in a speech.
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But critics, citing the example of Malaysia's 1MDB - the subject of money-laundering probes in at least six countries - have expressed concern that a Romanian fund, and domestically focused funds in general, might be vulnerable to misallocation of resources.
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" The chapter also speaks to the "woeful misallocation of capital in the era of Federal Reserve largess" and a central bank that "became too enamored and too confident of its role and has stayed around much longer than needed.
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"Infrastructure stimulus could lift growth over the projection horizon, but it could lead to a further build-up of imbalances and capital misallocation, and thereby weaker growth in the medium term," the OECD said in its latest survey on China's economy.
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The U.S. has the highest corporate tax system in the world, companies and their cash are fleeing overseas, welfare rolls are skyrocketing, employment participation rates are falling, and interest-rate markets have come under the spell of the Fed's misallocation of credit.
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Using the Census Bureau's own estimate of a 5.8 percent decline in response rates among noncitizens, the Council of Great City Schools said the undercounting of students from immigrant households would result in a $151.7 million national misallocation of Title I funds.
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Meanwhile, one indication of gross credit misallocation is the fact that the world's leveraged loan market has now grown to a size that is approximately double that of the U.S. mortgage subprime market on the eve of the 2008 world economic crisis.
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"We believe that preparing a report on the nature and feasibility of selling the 'platform,' and doing so only to 'its users,' would be a misallocation of resources and a distraction to our board of directors and management," the company argued in the proxy.
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Satyajit Das of Bloomberg Opinion warns that these may not be isolated cases: The textbook recipe for an emerging-market crisis requires a large dose of debt and an associated domestic credit bubble, including misallocation of capital into uneconomic trophy projects or financial speculation.
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A key point that Trump's economic team seems to be missing is that the coronavirus economic shock to the world economy is occurring precisely at a time when the world has been experiencing asset price bubbles and the gross misallocation and mispricing of credit.
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"A core view of many Trump advisers is that the extended period of emergency policy settings has promoted a bubble in the stock market, depressed the incomes of savers, scared the public and encouraged capital misallocation," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
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This misallocation imperils growth and job creation, and on a vast scale since, according to state media, in 2018 the private sector contributed 50 percent of tax revenue, 60 percent of gross domestic product, 80 percent of urban employment and 90 percent of all new jobs.
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They're concerned policymakers will mandate goals that can't be achieved with available technologies at reasonable prices, leading to "wildly unrealistic expectations" and "massive misallocation of resources," David Victor, an energy policy researcher at the University of California, San Diego, and coauthor of the critique, told MIT Technology Review.
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By moving away from near zero percent interest rates the Fed could begin to mitigate some of the negative long-term effects of artificially low interest rates, including misallocation of resources in the economy, the discrimination in favor of borrowers over savers and the potential for asset bubbles.
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Even though the Fed's report emphasized its traditional concerns with the banks' safety and soundness, the full range of risks that such extensive merchant banking operations pose includes heightened conflicts of interest, unfair competition, misallocation of credit, more complex forms of market manipulation and fraud and excessive concentration of economic and political power.
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"Many judged that risks to economic and financial stability could increase over time if the labor market overheated appreciably, or expressed concern that an extended period of low-interest rates risked intensifying incentives for investors to reach for yield, potentially leading to a mispricing of risk and misallocation of capital," it said.
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Alberto Gallo, head of macro strategies and manager of the Algebris Macro Credit Fund, told CNBC earlier this week that these factors include the scars left on the economy and labour markets by the recession, misallocation of resources due to prolonged low-interest rates, new technologies maximising resource-sharing and stagnant demographics.
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Read More Negative rates 'major catalyst' for market woes "Whether the recent tipping point was the Fed hike, negative rates in Europe and Japan, or simply the growing market disclocations and macro misallocation of resources and wealth, the deflationary theme of 'Quantitative Failure' is stalking the financial markets," Hartnett said in a note to clients.
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The Twins have said they've learned to love the K, but they haven't added strikeout pitchers, and throwing erstwhile starter Trevor May into the bullpen instead of acquiring one of the high-velocity arms that now shorten games for so many teams seems like one of the offseason's missed opportunities, as well as a misallocation of resources.
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"We believe that preparing a report on the nature and feasibility of selling the 'platform,' and doing so only to 'its users,' would be a misallocation of resources and a distraction to our board of directors and management — resources and management time that could otherwise be used to build the long-term value of Twitter," the company said in an SEC filing.
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"It should be noted that the current turmoil distinguishes itself from 2008, when reckless lending, willful blindness to a mountain of credit sector risks and feckless and irresponsible regulation and supervision of markets were the causes of the crash, given that central bank policies have been encouraged and been wholly responsible for the current protracted bout of gross capital misallocation," he said in a morning note.
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Over the past year alone, a pair of cabinet ministers have resigned, Mr. Abe's government has been accused of destroying records related to the possible misallocation of public funds, at least two members of his party have been linked to bribes from a Chinese gambling company, and prosecutors raided the offices of a close political ally over allegations that she violated campaign finance law.
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The implicit suggestion of "Silicon Valley" is that if you want to see how the tech world's ostensibly freewheeling nature conceals a willingness to be party to systems of bureaucratic and governmental control — not to mention how it runs on a crass sort of hucksterism, and how it might represent a terrible misallocation of wealth and intellect — all you really need to do is look straight at it.
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