The 2 videos are designed to convince you that the Austrians’- economic predictions are more accurate.
The first video has an intro in French, sorry for that, but the rest of the video is in English (with French subtitles).
Keynesians’- forecasts (featuring Ben Bernanke and Paul Krugman) vs. Austrians’- forecasts (featuring Ron Paul and Peter Schiff):
Brian Caplan tweeted that the GMU prof was wrong and the MIT prof was right. Is that your personal view? I am not impressed by the futuristic MIT gadgets, as they won’-t necessary correspond to people’-s needs. Hence, I don’-t buy their argument that the real problem is not being capable of “-keeping up”- with the pace of technology. We don’-t care about technology we don’-t need.
[Download this post to watch the video, if your feed reader does not show it to you.]
Higher incentives lead to worse performances:
For cognitive tasks: AUTONOMY + MASTERY + PURPOSE.