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Capital Thoughts by Raymond Niles

Raymond Niles

Understanding the world through a free market lens.

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Issues27Founded3 years agoLast Issue9 days ago
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Latest Issues

My Remembrance of 9/11

I have not written about 9/11 since it happened 25 years ago today. My connection to the World Trade Center came in overlapping circles in time. When I first moved to New York City in 1984, I landed my first job – as a temp – the day after...

9 days ago
10
4

Whoever Pays the Bills Calls the Shots: End Subsidy Coercion

Growing up in the 1970s, I remember one of the more bizarre spectacles of that decade’s energy crisis: police cars deliberately slowing down the freeways.

The new national speed limit was 55 miles-per-hour, and Americans were not enthusias...

19 days ago
6

Making the Pregnant Woman Take the Stairs: The Problem with Minimum-Quality Regulation

Note: This is an updated and revised version of “More Rules, Fewer Choices,” published on August 4, 2026.
Why is she forced to take the stairs?

Which apartment would you rather live in? One with a larger bedroom or a tiny be...

a month ago
13
4

More Rules, Fewer Choices

A larger bedroom is better than a smaller bedroom. A sunny room is better than a dark room. A spacious elevator is better than a cramped one. A building with parking is more convenient than one without it.

From those perfectly reasonable o...

2 months ago
8
2

Mayor Mamdani, Please Freeze the Price of Pizza!

Mayor Mamdani, congratulations! Because of you, New York City has finally discovered the secret of affordability: when something becomes too expensive, forbid its price from rising.

Your Rent Guidelines Board has frozen rents on rent-stabi...

2 months ago
12

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  • Raymond Niles

    I am a PhD economist, professor, and author. Why capitalism? Because each of us can prosper to the limit of our potential, and benefit from others’ achievements through trade.

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