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Capital Thoughts by Raymond Niles

Raymond Niles

Understanding the world through a free market lens.

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Substack
PricingOnly free issuesPublishesWeekly
Issues24Founded3 years agoLast Issue8 days ago
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Latest Issues

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...

8 days ago
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...

15 days ago
11

AI Won’t End the Demand for Human Labor

Every generation someone invents a machine that convinces people work itself is about to disappear.

Two centuries ago, it was the power loom. Today it is Artificial Intelligence (AI).

Between those two inventions came the steam engine, th...

a month ago
14
9

Podcast: "The Rent Freeze Is Coming to New York: We've Seen This Movie Before"

Dear Capital Thoughts Reader,

I am pleased to have appeared on the podcast, Building the Dream. The episode is entitled, “The Rent Freeze Is Coming to New York: We’ve Seen This Movie Before.” In this discussion, we delve into the issues be...

a month ago
1

The High Cost of Light and Air: A Critique of Zoning

Walk through almost any beloved old Manhattan neighborhood and you quickly run into a strange fact: much of the city people love would be illegal to build today.

In 2016, The New York Times published an analysis titled “Forty Percent of th...

a month ago
7

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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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