I fear the answer is “Yes” based on the faith of his followers.
Raymond C. Niles
Raymond C. Niles is a Senior Fellow the American Institute for Economic Research and Assistant Professor of Economics & Management at DePauw University. 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.
The Economics, Politics and Morality of Fiat Money: An Interview with Pro-Capitalist Economist Raymond Niles
Professor Niles discusses the economic, political and moral aspects of the U.S. dollar, inflation, gold standard, fiat, money and legal tender laws.
Ayn Rand, Monopolies, and The “Fallacy of The Package Deal”
We can keep the term “monopoly,” but it should be reserved for describing those government-created and sanctioned dinosaurs like the US Postal Service.
President Donald Trump is a Classic Mercantilist
Trump is a classic mercantilist. A mercantilist favors exporters over importers and the use of government tariffs to promote (or “protect”) less efficient, but politically favored “national champion” companies against their foreign competitors.
Celebrate Entrepreneurs Like Amazon’s Jeff Bezos, 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. This is the source of all great historical fortunes.
California’s Anti-Capitalism AB5 Law Shutdowns Uber, Lyft and The Gig Economy
The elephant in the room is that government interventions like California’s AB5 make Uber, Lyft and their drivers worse off because it imposes an outcome on them that they would not have voluntarily chosen.
TikTok, Trump and the Art of the Shakedown
The impending takedown of TikTok sets a dangerous precedent. It marks a serious diminution of the rule of law and a major step-up in the authoritarian use of power by our executive branch.
Individualism, Not Group Identity Politics, Is the Answer To America’s Crisis
We must judge ourselves and others by the content of our character, not by the color of our skin, our gender, socio-economic class, or any other group characteristic.
How Populism Turns a Constitutional Republic Into A Democracy
Populism is what happens when a republic becomes a democracy, and politicians must curry the favor of voters in order to win office.
Twitter is Private Property President Trump
Letting President Trump use the police power of the government to fight the Left is self-contradictory. “If the owners of a media platform do not get to decide who can appear on it, then who gets to make that decision?” Government force will not achieve freedom. It will only achieve tyranny.
Individual Freedom is the Answer to This COVID-19 Crisis
We must embrace individual freedom as the answer to this crisis. End the lockdowns, and end the collectivist approach to solving this crisis.
Canada: No Shortages Thanks To No National Law Against “Price Gouging”
In contrast to Canada, which has no national restrictions against price gouging, 39 American states now have stringent laws or executive orders against raising prices during emergencies.
Controls Breed More Controls
How government regulation (controls) turned the COVID-19 health issue into a full-blown pandemic.
Say No To Bailouts and Subsidies
We are setting ourselves up to become Japan when it suffered more than two “lost decades” of weak or no economic growth.
The Coronavirus and Anti-Gouging Laws
Instead of finding (temporarily expensive) masks available for sale, we are confronted by “No masks available” signs everywhere we look.
Free the Power Grid From Government Created Electric Monopolies
Competition and the profit motive will encourage competing utilities to criss-cross the country with a more robust transmission grid, providing safer and cheaper electricity to all.
Republicans Must Join With Democrats to End Trump’s Tariff Authority
The U.S. constitution gives the trade power to congress alone.
What a Dictator Does to an Economy
It is not for the president or any politician or regulator to issue dictates telling individuals or businesses where and what and how much to invest, much less what to say
Voice of Capitalism
Our free email newsletter sent out every week or so.
We respect your privacy. Unsubscribe anytime.