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Capital Thoughts by Raymond Niles

Raymond Niles

Understanding the world through a free market lens.

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PricingOnly free issuesPublishesWeekly
Issues16Founded3 years agoLast Issue8 days ago
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Latest Issues

How to End Cronyism

The First Amendment Solved a Very Old Problem

Thomas Jefferson considered the Virginia Statute for Religious Freedom one of the great achievements of his life. It was so important to him that he wanted it listed on his tombstone. The st...

8 days ago
9
12

“Perfect” Competition Is Worse Than Imperfect

In every introductory economics textbook, students learn the model of “perfect competition.” It is usually presented as a clean, elegant way to understand how markets work. But the model begins by assuming away almost everything that makes...

22 days ago
14
11

Reminiscing from a Coffee Shop Window in Manhattan

[This is not my typical post, but I hope you enjoy it. Below is the Meatpacking District at night, as it appears today.]

41 years ago I moved into my first apartment in New York City. Located a block east of the Meatpacking District,...

a month ago
9
8

Refuting Malthus, Marx & Mamdani in Three Charts… and a Bonus

Source: Our World in Data

This first chart, my favorite, refutes Malthus, Marx, and Mamdani. These three critics – two from the past and one who is the current mayor of New York City – believe that capitalism could only have one result: wi...

a month ago
10
4

Mayor Mamdani Meets the Laffer Curve

New York City has already conducted one of the most revealing fiscal experiments in modern American history. It ran that experiment in the 1970s. The result was the loss of nearly a million residents and the bankruptcy of America’s greatest...

2 months ago
18
4

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  • Raymond Niles

    I am an 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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