We all are familiar with situations when decision-makers keep throwing money at the problem instead of trying a structural solution that could potentially be much more beneficial to the system. The examples are too many, especially in our austere times.

Naturally, we tend to be critical of such wasteful strategies, but a story told to me last week by an older friend about his time in the Military reminded me that sometimes solving the situation by spending more resources may be more beneficial than attempting a structural decision. Continue reading →