In my opinion, owning bonds and carrying credit card debt is a tremendous misallocation of capital.
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Moreover, growth that is too fast can create economic dislocations and the misallocation of resources.
That is, the friction, misallocation of resources, fixed costs, old people and parasites increased.
Kyoto is a huge misallocation of resources that must be opposed for everyone's benefit.
Low rates are the root cause of the misallocation of resources that define the modern American economy.
There is ample historical evidence that government control over banks' lending can breed cronyism and misallocation of funds.
But inflation also throws sand into the economic gears by distorting price signals and causing a misallocation of resources.
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First, consider the main reason why general price inflation retards economic growth: it can lead to a misallocation of resources.
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Compounding the problem is a misallocation of wealth: People have too many sailors on the fixed-income side of the boat.
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That it is signals the real possibility that state influence will foster the misallocation of resources between different parts of the economy.
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Even without an actual conflict, this is one more tragic misallocation of resources that could be going toward economic and social development.
The discrepancy does not necessarily indicate irrationality or massive misallocation of resources.
They will require a continual misallocation of resources in order to survive.
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This includes the five-year plans, misallocation of resources, loss-making state enterprises, subsidized consumption, corruption and oil export dependence that doomed the Soviet experiment.
Capital malinvestment and the misallocation of factors of production no longer can be covered over as the official statistics catch up with reality.
Misallocation of funds can be disastrous in a market as strategic as China, where competition is intense, regional variations are significant, and capable talent is scarce.
If anything about American transport policy deserves bashing it is the socialised infrastructure with all the misallocation of resources associated with government intervention.
That 80 cents consists of the real resources people use to evade and avoid the tax plus the misallocation of resources that is cause by taxation.
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The misallocation of savings, the hidden risks, the agency problem with intermediaries, and most importantly the pathological optimism put Dubai in the same box as New York and London.
In exchange for a temporary bounce, by encouraging a potential new round of massive capital misallocation China may have locked itself into many years of sub-par economic growth.
Because selection was done at the local level by panels made up of parents, teachers and other members of each community, including non-government organizations, misallocation has been minimal.
Markets in both shares and currencies tend to overshoot at times, leading to the formation of bubbles that can have similar consequences, such as a misallocation of resources.
NPLs represent a misallocation of resources on a giant scale.
The Economist (December 6th) has decided that a good solution to the problem of road congestion (ie, a possible misallocation of resources) is for people to give more money to government.
But sometimes politics, and even more so the financial restaints of marketplace, can curb the massive misallocation of resources that is a hallmark of top-down systems such as in Communist China.
That will not only be more convenient for the user, but will help prevent the misallocation of funds, says Yao Dingyi, president of the Hainan International Financial Network, which operates the trial system.
The skeptics have a darker view: they believe distortions and waste, in no small part due to government meddling, have resulted in gross misallocation of capital and will end up pushing growth rates down well before 2020.
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One last thought: Although the Roach-Frankel duo went on to address currencies and exchange rates, the two never got to a basic risk factor in the current fragile period: What if the U.S. dollar, under the weight of private and public misallocation of resources, were to collapse?
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