Author Archive: bliadmin

rss feed

China’s fiscal stimulus will have permanent, negative, consequences
By September 23, 2016 Read More →

China’s fiscal stimulus will have permanent, negative, consequences

In a recent report, “The Long Shadow of Fiscal Expansion,” by Chong-En Bai of Tsinghua University, Chang-Tai Hsieh of the University of Chicago, and Zheng (Michael) Song of the Chinese University of Hong Kong, we see evidence that an extraordinary misallocation of resources caused by the combination of well-intentioned government efforts to stimulate the economy (unfortunately in […]

Posted in: Uncategorized
Wells Fargo provides amazing example of red line management
By September 23, 2016 Read More →

Wells Fargo provides amazing example of red line management

Wells Fargo’s experience with the consequences of paying people to hit targets on indicators, in this case, employees were paid based upon how many new customer accounts they opened which resulted in millions of accounts being opened without the knowledge or consent of the customers in whose names they were opened, is a perfect demonstration […]

Posted in: Uncategorized