July 9, 2020
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Edward Derbin

EDWARD DERBIN teaches online courses in economics at UC-Berkley and edits a popular website: EconNewsLetter.com. For years, he and Professor Donald Byrne (now deceased) have enjoyed bringing an increasingly relevant view of the American economic landscape to the public. Professor Derbin holds both M.A. and M.B.A. degrees from the University of Detroit Mercy. Professor Byrne earned his Ph.D. in economics from the University of Notre Dame.

An Economic Conversation

Recently, on a social-media platform, I had the following conversation with a CEO regarding economic history. As you’ll note, history may be viewed from different perspectives. MY INITIAL POST During the Great Depression, FDR’s economic...

Let’s Focus on Margins

Economics is the study of scarcity. In economics a major focus is on margins. Specifically, our decision making with regard to scarcity has to do with such things as trade-offs and opportunity cost. Embedded in those concepts is risk.  What I mean...

What is Going on with the FED?

The FED (by its Federal Open Market Committee) has raised the targeted Federal Funds Rate seven times since December 2016 with more on the way. The Federal Open Market Committee (FOMC) met on September 26, 2018 to decide on whether to raise the...

Why the Fed’s Panic Over Inflation?

The economy of the U.S. of A. has struggled for the last ten years. To say this, is probably the greatest understatement uttered over the last five centuries or so. It started with the real estate fiasco and the resulting financial crisis and...

Are Labor Markets In Great Shape?

Not really. The Federal Reserve Philadelphia Bank President, Patrick Harker, recently noted: “We’re looking at a labor market more or less at full health, with very little slack.” In looking at the 4.4 U3 Unemployment rate for April 2017, this would...

The Start of Something Big?

THE FEBRUARY LABOR REPORT FROM DEPARTMENT OF LABOR, BUREAU OF LABOR STATISTICS, JUST CAME OUT…GOOD NEWS In sifting through the EMPLOYMENT SITUATION – FEBRUARY 2017, several things pop out at you. First, you’ll notice that the Bureau of Labor...

Who Really Bears the Burden of Taxes?

How many times in the past year or two have we heard the phrase, soak the rich, in reference to government taxation and spending? For two years I had the privilege of studying under the late Professor Richard A. Musgrave. During that time, he was...

Our Burgeoning National Debt

The alarming growth of the U.S. Federal Government debt over the past several years is being accompanied by the unsustainable levels of private debt due to the sub-par real growth rate for the last several years. In respect to this dismal...