American Elephants


Milton Friedman Explains Free Trade. This is the Classic. by The Elephant's Child

This is a classic long (48 min.) lecture by Milton Friedman from 1978, in which he explains free trade and tariffs, how they work, why we get confused, trade deficits and government interference. There’s a long section where the film is bad (in the original) with snow/static/ interference early in the film, but it clears up fairly promptly at about 20.42 and remains clear for the remainder of the video. You can still hear Milton Friedman perfectly well throughout. Take notes. Play again until you feel confident that you have it down.

Here’s another, in which Milton Friedman debates a protectionist. It’s from January 2012, and is between Milton Friedman, Michael Walker, and Steven Cohen, from the “Time to Choose”series. This one is just over 15 minutes long.

Our politicians are just ordinary human beings like the rest of us, and they get just as many nutty ideas as we do. Many of the Republicans who are as yet uncomfortable with Donald Trump, are because of his misunderstanding of the Trade issue. Many assume that a “trade deficit” is a bad thing, but do not recognize that the excess dollars we pay for a large quantity of stuff from another country must be invested in the United States. This is not to suggest that there are not some very bad deals, but free trade is the goal.



Promise Goes A-Glimmering If You Don’t Grasp the Basics of Economics and History. by The Elephant's Child

IN an important article at The Federalist, John Gibbs offers a different view of the racial division in the country.

My view of America is that we are a place of great promise and opportunity, where someone like me, who is the grandchild of illiterate black Southern sharecroppers, can achieve success and reach the American dream. We are a place occupied by fair-minded, hard-working people whose culture and values have built a nation that is the envy of the world. I am proud to be a part of that culture.

Our Founders, while imperfect and a product of their times, were visionary heroes who made hard choices and compromises to give us the successful system we have today. Because Americans are good, we’ve worked hard over time to right the wrongs in our society that our Founding Fathers could not eliminate in their time. In summary, we are a fundamentally decent people blessed to live in a phenomenal land with a rich heritage.

But not so for President Obama. His view of our nation seems to be very different than mine and that of many other Americans. I believe that when President Obama thinks of America, more so than a place of hope or opportunity, he thinks of a place where racist white Christian fundamentalists came here from Europe, committed genocide against Native Americans, enslaved and segregated black people, denied women, gays, and other minorities their rights, and used capitalism and a rigged legal system to oppress poor people for centuries. He also believes this is still continuing today.

Do read the whole thing.

Zero Hedge chimes in again with some interesting data points from last week’s June Employment Report. The mid year burst of minimum-wage increases scheduled for July 1st when minimum wages will rise in 15 places: two states—Maryland and Oregon, plus Washington D.C., Los Angeles County and eleven cities, including Chicago, eight cities in California and two in Kentucky, shows what happens when the Left manages to increase the minimum wage. Unemployment for young black males increases sharply.

blackteenMilton Friedman explained may years ago:

The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills. That’s what the law says. The law says that here’s a man who has a skill that would justify a wage of $5 or $6 per hour (adjusted for today), but you may not employ him, it’s illegal, because if you employ him you must pay him $7.25 per hour. So what’s the result? To employ him at $7.25 per hour is to engage in charity. There’s nothing wrong with charity. But most employers are not in the position to engage in that kind of charity. Thus, the consequences of minimum wage laws have been almost wholly bad. We have increased unemployment and increased poverty.

Moreover, the effects have been concentrated on the groups that the do-gooders would most like to help. The people who have been hurt most by the minimum wage laws are the blacks. I have often said that the most anti-black law on the books of this land is the minimum wage law.

 



Another National Conversation About Race or Another Attempt to Increase Racial Division? by The Elephant's Child

Economist Walter Williams wrote an important piece Tuesday titled “Challenges for Black People: The frank conversation needed in the black community,” at Frontpage magazine.

President Barack Obama and his first attorney general, Eric Holder, called for an honest conversation about race. Holder even called us “a nation of cowards” because we were unwilling to have a “national conversation” about race. The truth of the matter is there’s been more than a half-century of conversations about race. We do not need more. Instead, black people need to have frank conversations among ourselves, no matter how uncomfortable and embarrassing the topics may be.

Among the nation’s most dangerous cities are Detroit, Chicago, St. Louis, Baltimore, Memphis, Milwaukee, Birmingham, Newark, Cleveland and Philadelphia. These once-thriving cities are in steep decline. What these cities have in common is that they have large black populations. Also, they have been run by Democrats for nearly a half-century, with blacks having significant political power. Other characteristics these cities share are poorly performing and unsafe schools, poor-quality city services, and declining populations.

Each year, more than 7,000 blacks are murdered. That’s a number greater than white and Hispanic murder victims combined. Blacks of all ages are killed at six times the rate of whites and Hispanics combined. According to the FBI, the police kill about 400 people a year; blacks are roughly one-third of that number. In Chicago alone, so far this year, over 2,000 people have been shot, leaving over 320 dead. It’s a similar tale of mayhem in other predominantly black cities.

Meanwhile, economist Roland G. Fryer, a tenured professor at Harvard University, who is black, has conducted a study of more than a thousand shootings in ten major police jurisdictions: Houston, Austin, Dallas, Los Angeles, Orlando and Jacksonville, were among the cities included in the study.

When the law enforcement data from Houston was isolated, Fryer was able to conclude that law enforcement officers were significantly less likely to shoot black suspects. As Fryer expected, police are more likely to use force towards a black suspect, but his research concluded that based on the statistics, African-American suspects are less likely to be shot in an altercation with law enforcement than suspects of other racial backgrounds. Fryer called it “the most surprising result of my career.”

Meanwhile, President Obama conducted a meeting, which he had called in the wake of the Dallas attack, of his Task Force on  21th Century Policing, which he appointed in December 2014. The task force has now released its one year progress report.

The assignment seems to be keeping the Black Lives Matter story-line going  Here’s how Obama summarized the status of his efforts:

The bad news is, as we saw so painfully this week, that this is really a hard job. We’re not there yet. We’re not even close to being there yet, where we want to be. We’re not at a point yet where communities of color feel confident that their police departments are serving them with dignity and respect and equality. And we’re not at the point yet where police departments feel adequately supported at all levels. (Read his whole statement)

According to observers, Dallas has a very well-run police department. The Chief is black. The officers responded quickly to shots fired, and rushed to protect the Black Lives Matter protesters, unaware that they were the targets, not the protesters.

President Obama has consistently attempted keep black Americans convinced that police are biased, that any failings of the black community can be blamed on racial prejudice, and that blacks are imprisoned unjustly because of bias, not crime. That’s why he is releasing so many from prison, why he wants their voting rights returned, and why he wants to integrate the black community into the suburbs.  Obama has already blamed racism for the two police shootings this week in Louisiana and Minnesota, though racism has not been cited as a cause by any officials.

President Obama met with representatives of several police groups on Monday, just one day before he made a speech in which he mentioned himself more than 40 times, at the memorial the police officers killed in Dallas. When the police representatives told him that he has not done enough to support America’s police forces, Obama rejected their criticism. Joe Biden told CNN that Obama talked about his support, gave a list of statements he had made, but then told the “police groups that they, their members and their police forces are part of a racist law enforcement system.

Progressives say ‘institutional racism’ exists when groups and organizations treat members of one racial group differently from another group, because any average differences between groups — in real-estate ownership, hiring rates or criminality, for example — is supposedly caused by racism.

President Obama said:

“I want to start moving on constructive actions that are actually going to make a difference,” he said during his evening press conference in Poland when he was asked about the Dallas attack.  …

The report urges the federal government to federalize police training and practices, via the use of federal lawsuits, grants and threats to cut federal aid. So far, Obama’s deputies have cajoled and sued more than 30 police jurisdictions to adopt federal rules in a slow-motion creation of a national police system, similar to the slow-motion creation of a federal-run health-sector via Obamacare.

Obama also used the press conference to insulate his federalized police program — and his allies in the Black Live Matter movement — from popular rejection after the five police were murdered by the anti-cop African-American in Dallas.

“The danger is that we somehow think the act of a troubled person speaks to some larger political statement across the country — it doesn’t,” Obama insisted. 

The Left Coast City of Seattle is responding to the “problem” that has been created by the federal government by creating a well-paid job to “fix” the problem. Zero Hedge is reporting that Seattle is hiring a “Race and Social Justice Manager to Achieve Racial Equality. The job will pay between $90,000 and $115,000. Clearly geared at millennial candidates, the posting seeks “any combination of education, experience and measurable performance that demonstrates the capability to perform the duties of this position.”



Iran Is Violating the “Iran Deal”, The Administration Ignores Intelligence. by The Elephant's Child

Germany has passed along intelligence that Iran has accelerated its efforts to buy nuclear materials that would allow it to build a nuclear bomb, but also is trying to purchase  parts that will assist in its missile program, according to the Washington Free Beacon. The Obama administration has declined to comment and told the Free Beacon that it continues to view Iran as complying with the nuclear accord.

Germany’s internal intelligence agency concluded in a recent report that sources have witnessed “extensive Iranian attempts” to procure illicit materials, “especially goods that can be used in the field of nuclear technology,” according to the report. The report appears to show that Iran is not upholding its most critical commitments under the nuclear deal.

German Chancellor Angela Merkel made it clear this week that the intelligence shows “Iran continued unabated to develop its rocket program in conflict with the relevant provisions of the UN Security Council,” particularly one Security Council resolution that bars Iran from pursuing ballistic missile technology.

Reuters reports that “Iran’s ballistic missile launches ‘are not consistent with the constructive spirit’ of a nuclear deal between Tehran and world powers, but it is up to the United Nations Security Council to decide if they violated a resolution,” according to UN Chief Ban Ki-moon.

Bret Stephens writes at the Wall Street Journal that :

The administration is now weighing whether to support Iran’s membership in the World Trade Organization. That would neutralize a future president’s ability to impose sanctions on Iran, since WTO rules would allow Tehran to sue Washington for interfering with trade. The administration has also pushed the Financial Action Task Force, an international body that enforces anti-money-laundering standards, to ease pressure on Iran, which FATF did last month by suspending some restrictions for the next year.

And then there’s the Boeing deal to sell $17.6 billion worth of jets to Iran, which congressional Republicans led by Illinois’s Pete Roskam are trying to stop. Iran uses its civilian fleet to ferry weapons and fighters to its terrorist clients in Syria and Lebanon.

“The administration is trying to lock in the Iran deal and prevent a future president from doing anything, including pushing back on Iran’s malign behavior,” says the Foundation for Defense of Democracies’ Mark Dubowitz, who knows more about Iran sanctions than anyone in Washington. “Instead of curbing Iran’s worst behavior, the administration effectively facilitates it.”

Mr. Obama continues to regard his Iran Deal as a great triumph, and says that Iran is honoring the nuclear deal, but German intelligence tells  us that Tehran is violating the deal aggressively. Obama promised “unprecedented” inspections, but we’re not allowed to inspect. Obama promised an eight-year ban on Iran’s testing of ballistic missiles, but Tehran immediately and repeatedly violated that ban. but we only mildly protested.

The Obama administration has agreed to buy 32 tons of Iran’s heavy water, a key component in atomic-weapons development. This is supposed to encourage them to stick to the nuclear agreement. We’re also trying to help their international trade. The possibility that their intentions are not pure and peaceful is apparently not part of the “narrative”.

Iran has been waging war with us since 1979, overtly and covertly. Obama just wants to turn over the management of the querulous Middle East to the more enlightened and better educated Persians. The Ayatollah Khomeinei keeps leading chants of Death to Israel, Death to America, but Obama assumes that to be just public relations. Odd kind of PR.



How to Get your People to the Polls — Community Organizing 101 by The Elephant's Child

race-EDIT2-012016

The Democratic Party is concerned about the upcoming election. The Millennials seemed to be enthusiastic about Bernie, but didn’t like Hillary.  And in general, many Democrats thought that Hillary was inclined to have trouble with the truth. Not a good sign. It is not surprising that the radical socialist/Marxist group Black Lives Matter appeared on campus last fall, with claims of campus racism. Oddly enough, whenever Democrats are worried about an election, the accusations of racism boil up to get Black Americans to the polls to vote Democrat.

Egged on by Black Lives Matter agitators, racial tension on the campus erupted in September after the black student body president and other activists lodged a vague complaint of an unspecified racial slur shouted at a single black student allegedly by a passing motorist. The activists weren’t even sure if the offending person was a student there.

Then there was a report of a tiny swastika drawn on the wall of a dormitory bathroom in a dormitory. No one’s sure if it was intended to insult Jews or blacks.

No matter, students of color insisted the two incidents symbolized the “systematic oppression” experienced by them at the university. And so they demanded President Tim Wolfe step down. And he did, followed by the chancellor. Both of them are white

The Hoover Institution had a December article on “The Real Cause of Campus Racism.”

At Harvard, a group of law students launched a campaign to remove the school’s seal because it contains the coat of arms of a slave owner. At Dartmouth, students and faculty marched in solidarity with black students at the University of Missouri in what was called a “black out” (the marchers all wore black). After days of protests at Yale, the university president announced plans for more academic study of race and ethnicity and for improvements in the experiences of people of color.

Most of the campus ‘incidents’ were just as ephemeral, and there were hoaxes galore. It was not a spontaneous uprising, but a well funded communist/socialist web of organizations that have been agitating against America for decades.

Obama spoke Sunday when he as taking questions from reporters as he wrapped up meetings with Spanish Prime Minister Mariano Rajoy in Madrid. He said that while protesters will sometimes say things that are “stupid'”or ‘imprudent” and associated Black Lives Matter with the abolition movement, and women’s battle to get the right to vote, and the union movement — called them all part of a great tradition of protest. Oh Please! It was Barack Obama who said that if he had a son, he might have looked just like Trayvon Martin. It was Barack Obama who sent the Justice Department in to establish that the death of  “gentle giant” — who had just robbed a convenience store and was trying to get the police officer’s gun was not indeed a violation of Civil Rights Law.

Obama is still struggling to discover the motive for Micah Johnson’s killing spree. Johnson spelled it out quite clearly. He just wanted to kill white policemen. DHS head Jeh Johnson said “it’s still relatively early” to conclude that Micah Johnson’s shooting was a hate crime.

According to all reports, Dallas has an admirable police department. The officers who were shot were killed as they were trying to protect protesters from what seemed to be random shots from an unknown assailant.

Barack Obama believes that he was elected, or so he says, to end the war in Iraq and empty Guantanamo. That is not true. He was elected to be the first Black President of the United States in the hope that he would bring racial healing to the country. He has been a complete failure at that as well.



There Is No Such Thing as “Gun Violence.” It’s Pure Propaganda. by The Elephant's Child

“Gun Violence” is pure political propaganda. A gun, whether the tiniest Derringer, or an enormous artillery cannon, is an inanimate object. It in incapable of doing anything whatsoever without action by a shooter. It is very clearly the shooters who may or may not be “violent.” Saying “gun violence” suggests that without the inanimate objects of guns, there would be no violence, which is absurd. Far more homicides or deaths take place without guns at all.

Also absurd is the focus on “Assault Rifles” which are just ordinary rifles fancied up with some military cosmetics because people generally like a little added glamour.  This Michael Ramirez cartoon is an older one, and the actual numbers may have changed, but the proportions are undoubtedly the same, and the point made remains valid.

RAMFNclr-011713-gun-IBD-COL.jpg.cms

Democrats believe absolutely in crazy Right-Wing militias training in hidden hollows in the Rocky Mountain West who may come forth to attack them. That’s the plot of many a thriller. Or if not mountain hollows, hidden in the swamps somewhere in the solid South. They want the public disarmed. (Think of Hillary and her “vast right-wing conspiracy.”)

Most farmers and ranchers keep guns. Varmints. Sometimes a wounded animal needs to be put down. Coyotes go for the chickens. There are around 10.9 million deer hunters alone, not counting those who hunt Ducks, Turkeys elk, quail and so on. Yes, you can buy meat at the market, but many people count on a fall hunt to fill the freezer for the winter.

Gun homicides have been declining steadily since 1994, even as gun ownership has increased.

I didn’t note down who said it, but it is quite accurate: “Blaming guns for the Islamist murder of 49 people in an Orlando gay nightclub is like saying that Zyklon-B Gas was the cause of the Holocaust and not the Nazis.”

If you are given to worrying, worry about Barack Obama’s attempt to nationalize America’s police departments. He wants to put your local departments under federal control in the name of civil rights law.



The Media Shreds Hillary Clinton After the FBI Report On Her Email Conduct by The Elephant's Child




Follow

Get every new post delivered to your Inbox.

Join 7,576 other followers

%d bloggers like this: