Economics Archives - Heather's Homilies

Guest Post: ‘The Commonweal’ by Linda Calhoun

Heather Hastie — Sun, 29 Jul 2018 00:47:58 +0000

Virginia Kruta (left), an associate editor for the conservative Daily Caller site. wrote an article last week about attending a Democrat rally. Kruta couldn’t believe what she was hearing. All these people thought the commonweal should be expanded to cover all sorts of outrageous things. Healthcare for all, for example, was a good idea! The […]

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Trump’s Steel Tariffs Will Damage the US Economy

Heather Hastie — Wed, 07 Mar 2018 06:27:23 +0000

Last week President Trump announced that he was putting a 25% tariff on all imports of steel to the US, and 10% on all imports of aluminium. There would be no exceptions. The announcement was quite sudden, with virtually no consultation. Trump is making the move using what the Council on Foreign Relations describes as […]

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US Farmers Support Trump as He Screws Them (plus Tweets)

Heather Hastie — Sat, 13 Jan 2018 04:12:24 +0000

On 8 January Donald Trump sent out three tweets about his latest speech to his base. That day, he spoke at the American Farm Bureau Federation’s convention in Nashville, Tennessee. Most of those in attendance support him strongly, but why? What exactly is Trump doing for his country’s farmers? As far as I can tell, […]

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My Picks for Top Tweets: 28 August 2017

Heather Hastie — Mon, 28 Aug 2017 01:33:44 +0000

The big news today of course is the storm and flooding in Texas. I find it really hard to get my head around the amount of rain that’s fallen in the area. There are place in NZ that flood quite often, and I’ve been in some biggies in my life, but nothing like this. Tweets […]

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Trump Formally Withdraws the United States from TPP

Heather Hastie — Tue, 24 Jan 2017 05:10:48 +0000

On Monday, Donald Trump signed three memoranda. As a result of the first, the US is no longer part of the Trans-Pacific Partnership (TPP). The second imposes a freeze on hiring federal employees, except for the military. The third order pulls funding from international organisations that discuss or perform abortions. All three policies are damaging […]

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Why Trump’s Tax Cuts Probably Won’t Create the Jobs He Promises

Heather Hastie — Sat, 14 Jan 2017 04:02:12 +0000

Donald Trump has been telling everyone that he’s going to cut business taxes to 15% and make up the reduction in federal income by introducing a consumption tax. According to him, this will kick start the US economy and bring back well-paid jobs. He has support for his plan in the Republican House and Senate, […]

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Putin’s Russia

Heather Hastie — Mon, 02 Jan 2017 06:07:47 +0000

2016 has been Putin’s year. He has succeeded in much of what he wants. He tells himself it’s about Making Russia Great Again. In reality, it’s about Putin himself. The Russian people are suffering and because of Putin, so are millions of others. And it’s going to get worse before it gets better. Putin and […]

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America’s Healthcare Problem

Heather Hastie — Thu, 27 Oct 2016 05:50:21 +0000

It’s less than two weeks before election day and it’s just been announced that Obamacare premiums are increasing significantly next year. In a normal election cycle this would have been the October surprise that could have sunk the Clinton campaign, but Donald Trump has already damaged his own campaign so much that it’s likely to […]

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The Case Against Trickle-Down Economics for Reducing Unemployment

Heather Hastie — Sun, 20 Mar 2016 02:55:57 +0000

Many politicians, especially those on the right, preach the gospel of Trickle-Down Economics. The theory is that if businesses have more money they will employ more people and therefore it is essential to reduce business taxes. Raising the income of the wealthiest in our society, they say, will make everyone better off. The trouble is […]

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Why Increasing the Minimum Wage is Good for the Economy

Heather Hastie — Sun, 13 Mar 2016 02:09:40 +0000

On 1 April New Zealand’s minimum wage is increasing from $14.75/hour to $15.25/hour (US$10.29), so I thought I’d take the opportunity to do one of the posts on The Economy I’ve been promising. Whenever the level of the minimum wage is discussed, there are those who predict that increasing it will lead to mass unemployment, […]

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