| Opinion/The Review

Donald J. Boudreaux can be reached via e-mail

The morality of the minimum wage

By Donald J. Boudreaux
Suppose that I invent and use a machine to steal $15,000 every year from each of 500,000 poor Americans, with the $7.5 billion being transferred into my Swiss bank account. After skimming off a few hundred million bucks to cover …

Occupational licensing: Reality differs from rhetoric

By Donald J. Boudreaux
Occupational licensing is the legal prohibition on anyone without a government-issued license practicing a trade. Such regulation is believed to be necessary to prevent consumers from being harmed by shady or incompetent service providers. As with most government actions, the …

Occupational hazard

By Donald J. Boudreaux
Back in the 1980s, a friend who worked at the Federal Trade Commission reported that she spent a full day listening to representatives of interior designers from Texas tell the FTC that no one without a government-issued license should be …

Council of Political Enablers

By Donald J. Boudreaux
Near the end of George W. Bush’s second presidential term, I got a call from the White House asking if I’d be willing to be nominated to serve on the president’s Council of Economic Advisers. Although I confess to being …

Sharing prosperity

By Donald J. Boudreaux
In popular discourse, some phrases signal the speaker’s or writer’s political views. Interpreted literally, the phrases convey agreeable sentiments. But the real meanings of these phrases come less from their words than from the fact that people with certain political …

Some facts about income inequality

By Donald J. Boudreaux
Former U.S. Labor Secretary Robert Reich made a splash in 2011 with a two-minute YouTube video purporting to show that the only Americans who enjoyed any improvement in economic well-being during the 30 years following Ronald Reagan’s election to the …

Questions for redistribution’s proponents

By Donald J. Boudreaux
Here are some questions for proponents of using government to redistribute income. • Do you teach your children to envy what other children have? Do you encourage your children to form gangs with their playmates to “redistribute” toys away from …

Busting Depression myths

By Donald J. Boudreaux
There are no greater obstacles to the formation of sound public policies than mistaken understandings of history. Unfortunately, popular culture overflows with historical ignorance about the economy. Perhaps the most destructive historical myth in America involves the Great Depression. That …

Ford’s pay hike: It wasn’t about profit

By Donald J. Boudreaux
January will mark the 100th anniversary of Henry Ford’s famous hike in his workers’ daily pay from $2.34 to $5. It’s an anniversary worth celebrating — but not for the reasons popularly given. The popular explanation of Ford’s pay increase …

Impressive material progress

By Donald J. Boudreaux
You’re one of the luckiest human beings ever to live. I know this to be true because you’re alive in the 21st century and likely living in the United States or some other advanced economy. You enjoy a standard of …

A blogger’s guide to blogs

By Donald J. Boudreaux
Café Hayek ( ) — a blog that I write with Hoover Institution economist Russell Roberts — will celebrate its 10th anniversary in April. I’m not so modest as to avoid recommending Café Hayek to you as a fine …

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