“This is a recipe for housing stagnation. Strangling the supply of new market rate housing through these various programs means that existing market rents (whenever they are not regulated), must reach stratospheric levels.” ~ Raymond C. Niles
“If the US imposed economy-wide price controls, as Krugman proposes, it would not stop inflation, just as the Emperor Diocletian’s economy-wide controls did not stop Roman inflation and just as the 1970s economy-wide controls did not stop US inflation.” ~ Raymond C. Niles
“Inexpensive new housing can be built again if only the government will get out of the way. End the ‘Lottery Life’ in housing and watch market entrepreneurs do the rest.” ~ Raymond C. Niles
“It is time to unleash the market to produce more, rather than excoriate the oil producers. Try some motivation by love, President Biden, not motivation by fear.” ~ Raymond C. Niles
“If the city keeps reducing real rents by capping increases below the inflation rate (as it is doing now), and if inflation continues for more than a few years, we will see building abandonments once again.” ~ Raymond C. Niles
“Now, despite nominally battling each other on many issues, on one issue Democrats and Republicans stand united: their bipartisan hostility to free trade.” ~ Raymond C. Niles
“We must separate government completely from science for the same reason we separate church from state and press from state. Don’t force our scientists to become supplicants to government bureaucrats in order to pursue truth. That will be the death of reason, science, and truth, and lead to disasters, such as misunderstanding the origins of…
“A new term is needed for the highly-competitive innovators who achieve large market shares by creatively providing outstanding, innovative, and lower-cost products and services that are of such value that millions of people choose to buy their products. We can keep the term ‘monopoly,’ but it should be reserved for describing those government-created and sanctioned…
“The key to getting wealthy in a capitalistic society is to produce something so valuable that millions of people want to trade for it.” ~ Raymond C. Niles