American Elephants


Economics Can Be Fun, Honest! Lessons for Trump, Clinton and Sanders. by The Elephant's Child

Dr. Madsen Pirie, President of the Adam Smith Institute is explaining how basic economics is based on fundamental understanding of human nature. I posted this back in 2012, and found it in the archives when one visitor called it to my attention. This clearly demonstrates why Donald Trump doesn’t understand Trade at all, and is up the river without a paddle for his canoe. Ditto Hillary and Bernie.

Economics often seems too complicated for us everyday mortals, but it’s just based on understanding the real world. The workings of the market, the everyday buying and selling, profit and loss, tell us, if we choose to pay attention, how money, trade and markets really work.

Never fear, these are all really, really short, and worth your time.

Economics can be fun, and here’s another lesson: Economics is fun, Part 2. All about Price. How do products get priced, and what is the right price?

Part 3 is about Specialization. This is not about those puzzling charts and graphs,  and how Money, Trade and Markets really work.

Part 4 is about Trade and how countries become rich.

Part 5 is about Time and Investment.

Part 6 of Economics is fun is about Money:

There are more, but so far you have invested around ten minutes. If you want more, go to You Tube and enter “Economics is fun” and start with lesson 7. You are better armored against the  remarkable statements of our politicians on the stump. A little knowledge, as they say, is a dangerous thing. You might try them out on your kids if they are the right age.



President Obama Is Sending 200 More Troops to Iraq by The Elephant's Child

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On April 18, Hot Air reported that “President Obama has decided to add 217 more troops to fight in Iraq, raising the total number now serving in the country to just over 4,000.” AP reported:

Of the additional troops, most would be Army special forces, who have been used throughout the anti-Islamic State campaign to advise and assist the Iraqis. The remainder would include some trainers, security forces for the advisers, and maintenance teams for the Apaches.

The decisions reflect weeks of discussions with commanders and Iraqi leaders, and a decision by President Barack Obama to increase the authorized troop level in Iraq by 217 forces – or from 3,870 to 4,087. The advise-and-assist teams – made up of about a dozen troops each accompanied by security forces – would embed with Iraqi brigades and battalion, likely putting them closer to the front lines and at greater risk from mortars and rocket fire.

They are also sending Apache helicopters in addition to the advise-and-assist teams. The goal is to retake Mosul from ISIS, which they have held since June 2014. There will also be operations to take Raqqa, ISIS’s capital in Syria. You will notice that we always make an effort to tell the enemy just what we have in mind and what our plans are.

A U.S. military spokesman said that ISIS has lost nearly half its strength during the recent bombing campaign. They have put exceptional pressure on ISIS over the past 20 months. Strikes on ISIS-held oilfields have seen its cash flow cut by a third, and ISIS fighters have had their pay cut by half.

Six hundred ISIS fighters have been killed in the past three weeks alone, and precision drone strikes and covert Special Forces raids to take out senior leaders have left the terrorists “paranoid and in chaos.” 650 RAF strikes have helped to force the group to flee from 40 percent of the territory they once held in northern Iraq.

President Bush recommended that we should leave 20,000 troops in Iraq to maintain the hard-won peace, but the new President Obama had run on an anti-Iraq War campaign and a promise to get the troops out of Iraq. Once in charge, he ignored the Bush warnings, and abruptly pulled the military out, which inevitably led to the rise of ISIS.

It apparently took weeks of discussion to get to the point of adding 217 special forces troops. President Obama does not want to be blamed for any unfortunate events or bad results, but he does have confidence in America’s special forces. His fear of being blamed is probably the reason for unusually restricted rules of engagement that have left our military in a vulnerable position.




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