Funding schemes that cost more than they award: part 2

“What is the purpose of research funding?” Phew, that is a big question. If I could hear your answers, I am sure there would be a wide range of opinions. Let’s put that in the too hard basket. What about this question, “What should research funding not do?" Again, I can imagine lots of answers, but there are likely some answers that we could all agree on. How about an axiom that “A research…