The Biology of Trust - a biological basis for free market economics

Ever wonder why some people are trusting and generous, others not so much? It may have to do with a molecule that is normally released in people during sex or breast feeding. The molecule is oxytocin, and it might help explain trust in an economic sense.
Paul Zak is a neuroeconomist, interested in finding the biological foundations for human behaviour. Since human behaviour (Mises called it human action - praxeology) is essential in economics, well, you can see why this is interesting work.

Zak says his work builds on work done by Vernon Smith, also an interesting guy. Check out this interview of Smith on ReasonTV last year. That Smith has based much of his work on another Smith, Adam Smith.
Here is Paul Zak explaining his very interesting experiment, and how it might help understanding economics.

For Mother's Day....End the War on drugs.

Repeal the laws for non-violent drug offences. The war on drugs here in Canada, in the US and around the world has failed. It should not have started in the first place, but the evidence is clearer than ever for those who can see.

Would you use heroin if it were legal?

That is just one of the questions that Ron Paul is famous for. Ron Paul is making a serious run for the GOP nomination. He might even control 30 - 40% of delegates by the time of the GOP Convention in August. Here is very good interactive Google Delegate map that shows how things are going now.

Will Ron Paul be able to have another go in 2015-16? He has been doing this for 24 years now, a generation. If not, the question I have is who will take up the fight after this election campaign is over?

Here is a short piece from ReasonTV on Dr. Paul's popularity amongst the young.

John Stossel shops his new book....

Always interesting to hear a top notch libertarian communicator, enjoy.