In this video (h/t to The Big Picture blog), I have to "unlearn" some of my 80's style Management by Objectives (MBO) beliefs. I've been a user and a believer in the idea that incentives can be used to get people to do more work. This idea isn't completely lost as the video will show, but the video does suggest that certain types of jobs do not benefit from an increase in incentives. Case in point perhaps are the multitude of side jobs and volunteer opportunities that many of us participate in. Which includes the liberty movement I suppose too.
(BTW, It is a little freaky that the Fed paid for this research. And perhaps even though the speaker sarcastically calls the Fed socialistic, perhaps it is.)