Raymond C. Niles

Senior Fellow

Raymond C. Niles is a Senior Fellow of the American Institute for Economic Research. He holds a PhD in Economics from George Mason University and an MBA in Finance & Economics from the Leonard N. Stern School of Business at New York University. Prior to embarking on his academic career, Niles worked for more than 15 years on Wall Street as a senior equity research analyst at Citigroup, Schroders, and Goldman Sachs, and as managing partner of a hedge fund investing in energy securities. Niles has published a book chapter and numerous articles in scholarly and popular publications.

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Articles

4/30/23

The Political Cleverness of Envy-Driven Housing Policies

“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
1/10/23

Wage and Price Controls Are Not the Answer to Inflation

“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
8/5/22

The Lottery Life: Creating Lucky Housing Winners at the Expense of Everyone Else

“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
7/18/22

End the Gasoline Crisis: Try Motivation by Love, Not Fear

“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
6/30/22

The Perpetual Tragedy of New York’s Rent Control

“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
10/9/21

Hostility to Free Trade Is Now Officially Bipartisan

“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
6/14/21

Wuhan Lab Controversy Illustrates How Government Funding Throttles Scientific Integrity

“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…
11/1/20

Monopoly vs. Monopoly: Sloppy Definitions Lead to Harmful Policy

“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…
10/5/20

Goodbye Grounded, My Favorite Coffee Bar Destroyed by Lockdowns

“Multiply my story by the hundreds of thousands of patrons of their favorite store, bar, restaurant or coffee shop all over the City — and the hardworking owners of these establishments who poured their souls, lives, and savings into them — and you have a partial measure of the human cost, not just of Covid,…
9/7/20

Celebrate Entrepreneurs, Don’t Guillotine Them

“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

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