Hiking to Mt Pilchuck

Hello,

I had been gone for a long time now, however I am back. I went on a hiking trip last week and here are some of the pictures.


Mount Pilchuck is 1628m high and the best time to visit it is during spring or summer.

Selfie

A group Selfie

Our Way to the top

Breathtaking (Literally) 

Our Amazing hiking Group

This was one of the most difficult hiking trip I have been on. It was cold, difficult to walk and lots of snow. I also had a mental breakdown on the way top, but with the support of my friends I could make it. At the top it was extremely foggy at the top and we did not have a nice view.  (After the trip I knew I had a sherpa inside of me somewhere :P ) 

This trip made me realize that it is the journey that we enjoy not the final destination. One of the most amazing memories I have made after coming back from Nepal. 

Stay Warm! 

Seattle

Hello

This fall I really enjoyed the rare sunny days of Seattle. Past two days has been amazing, yesterday I went to downtown with some of my friends. I will put some pictures of Seattle below.

Rain, and rain for two weeks! 

(From Left: Era, Me and Indira) 

Downtown 

(Photo by: Era) 

Seattle Ferris Wheel 

(From Left: Indira, Era and myself) 

After two weeks of study and work, it was so great to have a day off and respect to the veterans. 

The review of the " The Winner Stands alone" is coming up soon. 

:)

Economist in the words of Keynes

Hello,

In my first book of economics, there was a paragraph by John Maynard Keynes describing about what a good economist be like.

The study of economics does not seem to require any specialized gifts of an unusually high order. Is it not, intellectually regarded, a very easy subject compared with the higher branches of philosophy or pure science? An easy subject at which few excel! The paradox finds its explanation, perhaps, in that the master-economist must possess a rare combination of gifts. He must be mathematician, historian, statesman, philosopher—in some degree. He must understand symbols and speak in words. He must contemplate the particular in terms of the general and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man’s nature of his institutions must lie entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood; as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician.  (J. M. Keynes. 1924. "Alfred Marshall,  1842-1924" in The Economic Journal)

I find the above paragraph very inspiriting and read it often. I hope you find it useful too, it list some rare set of skills to work on. 

Adios! :D

Documentary for Weekend

Hello;

Today I am done with my mid terms. That is so much relief when you are taking three hard classes. This weekend, I wanted to treat myself with some movies.

I found, "Inside job". I am amazed by this movie. I would recommend this movie to everyone.

I watched it online, (LINK) and learned a lot about 2008 crisis.  It is like looking at both sides of coin.

I was so relaxed, after my test. I hoped into my bed and watched the movie. The fact that it has been pouring down the whole day helped a lot. 

:) 

Book Review

Hello,

I read the book "Game Theory in International Economics" by John McMillian. That book is not for me yet.

I read the introduction paragraph but I am still not aquatinted with the math part. I am still taking calculus and I was not able to comprehend most of it. So from next time, I will not chose a book by its cover.

I am so busy with mid terms (not complaining). However, I am now reading "The winner stands alone" by Paulo Coelho. I know it is not related to economics but I felt like I needed a break. I will also post a review about the book after I am done reading that.

(Photo credit: google image) 

What is your favorite book? The best book I have read so far is "A thousand splendid suns"

:) 

50th Post

Hello,

This is my 50th post and I realized I am an irregular writer.

Today I was thinking to write about time management, cause I have been struggling with it. Sometimes seems like I slip things out. Today I missed my french class as I woke up 5 minutes earlier than class.  (I will stop here, I did not create this blog for venting)

Now I have started to read "Game Theory in International Economics" by John McMillian. This book seemed a little advance for me, as there is lots of equations and maths. But at least I can read the first two chapters, "Strategy and trade" and "Basic Concepts of game theory".

I have not finished Thomas Piketty's book but thats' a whole different story. However, this years Nobel prize in economics was given to Jean Triole for his  "analysis of market power and regulation."  I will write more about him in my future posts.


Again, working very hard to manage time.

Photo credit: Kalibizzen.com 

:) 

Income tax

Hello,

I can't believe I have not posted anything on October. I was all caught up with school. Now,  I am back with some real economics talk.

Income tax, is the money collected by the government from an individual or a company on their income or profits. The government takes certain percent of the income earned and uses it for its work.

Different countries have different income tax rates. Belgium being the country with highest rate of income tax and USA being the least.

While US states have different rule. Washington State does not have an income tax while it has sales tax. I have to pay tax to the government for each item I but and not for my the amount of income I earn, while the states like New York, California have income tax.  (Lucky, my pay cheque does not get reduced :P )

What does the government do with those income tax?

The answer depends on the country but US uses 25.19% on health care, 24.79% on National defense. That was according to my income tax, but you can check your own by going through this Website. I played with it for a while inserting different amount.

(Photo Credit; World Monopoly)

Article on the national daily

Hello,

When I was back in Nepal I wrote an article with an aim to publish it. And yesterday, it got published, I am so so so delighted about it.

Here is the (LINK), I hope you will enjoy it.

The post is about rich countries helping the poor ones.

Back to School

Hello,

Yesterday was my first day back to school and I am already scared about my classes. I have Math, English and French this quarter. I know, no economics. (Gosh, I miss going to my economics class). But I have pretty interesting classes, lets hope I learn a lot this quarter.

Besides that, i am going though the economist every week. And I wanted to know more about the effects of negative interest rates in banks of Europe. I found an interesting article in the BBC news that explains its effect too. Take a look at it, (LINK). The article talks about unemployment effect, and fear of deflation.

Ready to take on school, with my darling (aka laptop) 3 composition note book and a good luck pencil case (with a cat face) from my sister, Trisha.  PS. my book have not yet arrived. Yes, i am one of those students! :P

:)

Cash or Cards?

Hello,

After coming from Nepal and spending 4 days in Seattle I realized that I have no cash in my purse. Not even a dollar.
This made me think, whether we really needed cash and started doing some research on that. I found a really interesting video from the Economist. (LINK)

The video is only about 2 minutes and has lots of information, it is worth taking a look.


Having digital money, like visa cards and credits cards make the tracing of money easy. Government can earn move revenues. People will have less hassle going to bank and finding ATMs. More over, criminal activities can be avoided.

Photo, from google image.

I cannot imagine my self going cash less in Nepal but here in Seattle and developed countries I think it is possible. 

What do you think about going cash less?

:) 

Coming Back to Seattle

Hello,

I am back in Seattle for school. This time it was harder leaving home than the first time. (Tears would not stop rolling down). However, I was super sick leaving Nepal, and had a terrible 14 hrs 20 mins flight.

Besides those complains, I got a new laptop today. Blogging through it now. :)

It has been raining hard since yesterday, I haven't seen the sun and the cold weather is already kicking in.

Besides that I have been reading Piketty's book and it is taking me a long time to complete it. However, I will surely write about it when I am done.

This year, I am excited for school... a sophomore... :)

more study posts will be coming but for now let me enjoy the free days I have.

Cost of living.

Hi,

These days I have been busy shopping for my trip back to the US of A. Since, the stuff I buy here are way cheaper than there, I think its better I stock my suitcases with some heavy jackets.

What do you think is the cause of lower cost in developing countries? Why are some places so expensive than the others?

Usually its due to the higher tax and production cost in developed countries that makes everything so expensive there. Buying a cup of tea in Nepal costs 20 cents and around 4 dollars in America.

Japan, Singapore are the places with high cost of living, and cities like Delhi and Mumbai have very low cost. Kathmandu, Nepal's capital has comparatively higher cost of living. It can be due to the geographical location, it is a valley and most things needs to be imported from outside.

The cost of living also compliments the earning in most countries. Places with higher cost of living have more income than compared to the other.

Learning to say NO!

Hello,

How hard is it for you to say No to people? For me its extremely hard, and I can rarely say no.

And when ever I have tried saying no, it has always come across as rude and improper.  :(

But to my rescue, I found a book that is majorly helpful. It comes with lots of real life example which you can actually use. Saying "No" to some situation is as important as saying "Yes".

The book is, William Ury's "The Power of a positive NO". This book was in my home for few years but I had not yet started readying until a week before, If you face difficulty saying no in proper situation then is book is for you.

Being a college student I had to learn to say No to parties, but that wisdom came only after spoiling my few tests.

The book cover

Me, reading the book. 

Some of you may have blessed with the skills, but for the rest of us practicing is the best way out. 

:)  

Negative Interest Rates

Hello:

Recently, I had heard about negative interest rate in the Europe, however today I found an news about it. Banks are taking money to let us keep our money with them. So strange!

Here is the piece news published in the BBC (Link).

Negative interest will force people to invest their money, and not let them stack up. The liquidity of money increases, so does the money in market.

I will be watching this matter more closely, so  I am definitely posting more articles soon.

Pictures

Hello,

Today I am attaching some of my pictures during the stay in Nepal.

Evening at Kumaripati

Jhamsikhel

Fried Fish in market

Spending some time for myself. 

More to come! 

:) 

IMF

Hello,

As I promised September wont be like August. It is officially fall, and this time summer was awesome. Today I am writing about IMF, International Monetary Fund.

 IMF was established in 1944 and its main purpose was to help the world recover from the World War 2. The head quarter is in Washington DC, USA and it has membership of 188 countries so far.
Now a days it operates to facilitate in stabilizing financial conditions, reducing poverty and help in sustainable economic growth.

IMF also has blog which can be useful to students of finance or economics. LINK
P.S last week IMF published the list of top ten economics, the article is featured  in Greg Mankiw's blog. It is worth taking a look.

IMF logo

(image from Google) 

More Posts to come! 

:) 

Why can't I get to write something?

Hello,

August hasn't been a good month for me to blog. I have been so caught up with everything that I barely have time to read and write blogs. (Taking that as an indication to manage time)

However, I am enjoying a lot here. Look at the Mercedes I found in Nepal.

September wont be like this, I will definitely put valuable information.

ciao

Leaving Seattle

Hello

I was so busy past week, I had been packing and getting ready to leave Seattle. I am now in Nepal for a month and I already miss Seattle sometimes.

During my 14 hours transit in Dubai airport, I was super bored. And Dubai airport does not have free WiFi. Can you believe, one of the richest country and does not have free WiFi for passengers on airport? Even Starbucks in Seattle have those.

We had to pay for the WiFi, and it was a nice idea to do business. Kind of monopoly? Well we can defend this by saying WiFi is not a need and we must be able to stay couple of hours without one, but how to pass 14 hrs without any entertainment and work??

Well that was my experience of travel, I will be posting new stuff about Nepal soon. Below is the picture of Bellevue bridge while I was leaving the ever green state.

Inflation or Deflation?

Hello,

The term inflation and deflation is used a lot in economics and both have equal importance in determining purchasing power of people.

Inflation is the increase in price level of goods and decrease in value of money. For example, a dollar last year could by 2 lemons while this year it can only buy 1. The value of dollar is decreased in terms of how many lemons can we buy.
The federal reserve bank of America targets the inflation rate of 2% each year.

Deflation is the decrease in price level and increase in value of money. For example, if you could buy 2 lemons with a dollar last year this year you can buy 3. Sounds good? Deflation comes with other cost like lack of employment, waste of natural resources and capital which at the end destroys economy more than inflation.  Deflation can bring more negative effect than positive if it stays for long time. Ireland, Hong Kong and Japan are the countries who have suffered seriously from deflation.

Thus, a small rate of inflation is better than deflation for a developing economy.

Israel, Palestine and kids?

Hello,


The recent brutal news about killing of children in Palestine has left me devastated. The war is between Hamas and Israel but kids are being affected. About a week ago children playing in beach were targeted.

Save the children's UK, page in Facebook has pictures like,

Today in BBC there was a heated conversation between representative of both side, and it was nice to know how each of them share their perspective (LINK).

What is your perspective on this war? 

  

Review of "Applied Economics, Thinking beyond stage one".

Hello,


Recently I read the book, " Applied Economics, Thinking beyond stage one."  by Thomas Sowell. I enjoyed reading this book and this was by far the book I read in short time.

I learnt a lot, it has lot of examples of real historical situations. Since, I wasn't born during the Soviet Union period I got to learn about its economy from here. One of the most influential topic for me was chapter 2: Free and un-free labor and chapter 5: Risky Business.
Chapter 2 gave me idea of labor around the world, and productivity. Minimum wage and big industries shifting their production companies to lower wage nations.

While on Chapter 5: The book has lot of information to give. From insurance company to pay-checks. It explains the risk some industries and government faces.


This book helped me gain insights about economic world and definitely think beyond the stage one. I would recommend this book to an economics undergrad or anyone interest about economics.

(Cover of the book, image from amazon.com)

The book is available on amazon. (LINK)

Summer Readings

Hello

It has been pouring down in Seattle this entire week. During the rainy days, when I am free I like to read and drink coffee.
This week I read a couple of some interesting books.

1. The Alchemist

This is not my first time, I think it is my third time reading this book. I like to keep my memory refreshed and the book does not need any more explanation. (A must read for everyone)

                                                        




2. Applied Economics, thinking beyond stage one. 

I started this book on the later half of this week and I am still reading it. So far the book is filled knowledge. There are explanation of situation where the importance of long term thinking  are explained. I have finished the first couple of chapters and it is one of the most practical economics books I have read.

Pictures from the Northwest Trek

Hello,

I come from a very beautiful country, Nepal. It is a gift of nature from Mt. Everest to wonderful Rara Lake. I thought nature in USA would not impress me. I was so darn wrong. It brought back memories of home, and I learnt a lot. I am sharing some pictures. I hope you enjoy!

Lake and the hill behind. 

Roosevelt Elk

 Mother nature

Man made meadow

Bison

River Otter

Black tailed deer

There were other animals like Mountain goat, Trumpeter swan, Bighorn Sheep,  Moose and many more. I had a great day the park, and the maintenance of the park was amazing . I wish animals everywhere were taken care like this.  

I am not a great photographer neither an editor, but I love sharing. 

- Ciao! 

Multitasking

Hello,

How many of you do multitasking?
I am terrible at multitasking, I cannot even watch the TV and eat at the same time. I am constantly stopping and focusing on one task.
Before I used to try doing multitasking, but I have given it up.  So, far the all I can do is walk and listen to an audio books.

Also, I am not taking classes during the summer so I haven't come up with new economic topics to write. Meanwhile I am going through the courses provided in coursera and edx. Besides that I am going to the North West trek this Saturday! I am so much looking forward to it. I will surely blog and post lots of pictures about that.

:)

History and economics

Hello,

Economics is study of people's behavior, and history is the best place to look. Starting from colonization for natural resources and immigration of human all the actions impact in economy.

The economist magazine has a separate category called economics history. Here they connect the important historical even with economy. One of the article that I found interesting is "When did globalization start?"  (LINK). There is a picture in this article that reads, how did Christopher Columbus caused inflation. (Poor guy!, but remember inflation is not always a bad thing)

(Image form Google)

On the personal note: This week I struggled with a lot of things. I don't know why but I have been sleeping like 10 hours a day for a past few days and yesterday I slept less than 2 hours. (I have not idea what is going on with me!)

Well I also visited the pike place market this week. It was a beautiful day. My favorite thing to do in the city of Seattle is to walk in downtown, actually walking around downtown is my favorite thing to do in any city.

Public market, Seattle. 

What is your favorite activity to do in a big city?  

Stay cool! 

Summer Pictures.

Hello,

I wanted to include some pictures of my summer days.

Alkai Beach 

World Cup updates. 

Travel with friends! 

Cool salad and sun glass. 

These activities are filling up my summer. I will post some more pictures later. 

- Ciao. 

Bomb Diggity resource

Hello,

I may be the last person to talk about it but here is it. "Itunes U". I knew about this app but I really hadn't thought about using it until last night. I searched some courses and found so many interesting courses on different subjects. I think it has become my new summer obsession, right now I am listening to "Curry Economics by Eric Tagliacozzo" from Cornell University.

This is awesome, I am so thankful to technological progress and people who share such an incredible knowledge.

 snap shot of my phone

:) 

Economics and writing skill

Hello,

Firstly, Happy Independence day! (4th July)

(Image from Wikimedia.org)

Today I was analyzing about writing skills. It is so important to have a great writing skill if you are majoring in economics. For me, it is in my life's list to have an awesome writing skill.

Writing can develop through reading and practice. I have seen reading helps me get idea however writing makes my use it better. I tried to find some web sites that helps with writing and THIS is one with a lot of features. Nevertheless, I do have a book, "Academic Writing" that helps me go through my college home works.

There is one page that I found going through the web site, it has great information to the beginners thinking about economics major. I have the (LINK)  and you can see for yourself.

For tonight, This is my first fourth of July in USA and I am so excited to see the fire works.

Understanding Economy

Hello,

So, I was watching a documentary on economic system. I came across a movie called, "Four Horsemen: Revealing the fundamental flaws in the economic system" This is a movie worth watching. If you are interested in the field of economics, business, banking, or government policy forming.  The movies is about an hour and forty minutes but will get your mind thinking about it. (LINK)

I do not have large knowledge in economic but this gave me an insight on what is going on around. Of course I would not based my entire idea on this but it has opened a way towards thinking how it all works. Sometimes, after watching these articles, reading news I wonder what would I think if I knew more about economics. If I had deeper understanding how would I think about these articles and movies.

I do not have specific thought on these movies, but they are worth seeing and understanding different aspect of people.

(Image from Google image)


Besides that can you believe, it was 32 degree Celsius in Seattle today? It made me think about my adaption capabilities for the summer trip.

Deciding

Hello,

Have you ever faced trouble in deciding a between two  big options? One an easy one the other worth taking the risk. I had to decide one last week, and I am still quite not sure. Let's see what the future holds.

Besides, the personal note. The summer is kicking in well in Seattle. I am loving the atmosphere. Enjoying Seattle as much as I can as I am going to Nepal for a month. I am super excited for Nepal and coming back to Seattle again for the second time. I think it will be a thrilling experience.

I was planning to include some pictures but I lost my phone and photos with them, the other day. (4th day without phone) After I started living by myself cooking was one of the biggest problem. I did not think it for the first couple of month but now that I have seen my body change I have decided to learn cooking. Today I tried making orange chicken and it turned out to be pretty good.

Rice with orange chicken and salad. Looks yummy right? It was indeed.  :)

Spending Summer wisely

Hello,

Most of us are out of school and excited for summer. I am too, but I am worried on how to spend it wisely. I have created a list of task I plan on doing this holiday.

1. Practice my French. 
 I learned french in my first quarter. I am not at all good at it, but I want to improve my spoken talent. For that I downloaded a app which helps you learn various language, Duolingo. It has daily practice sessions.

Also, Formal education will make you a living, self education will make you a fortune.

2. Watch Documentary and read books relation to my school. 
I have been spending past couple of days watching documentaries on economics and entrepreneurship. They give practical idea and open by my horizon.

3. Keep my self fit. 
Yes, as every girl wants a  fit and healthy body so do I. I plan to work at out at least 3 times a week. (Walking or Swimming).

4. Spend time with family and friends. 
I am going home for a month. I have missed them a lot and I plan to spend quality time.  Super excited for the trip.

5. Learn to cook. 
I am a horrible cook. Sometimes I throw the food I cook for myself. This is the perfect time for me learn that basic skill. I am looking different you tube videos and following the instruction. YouTube has wide range of cooking videos.

(Photo from Google image)


These are the 5 goals I have set for this summer, besides my regular work. I hope to complete them all.

Documentary on economics.

Hello,

Now that the school is over, I can do so many activities that I have been wanting to do. One of these is to watch many documentaries as I can. I think documentaries have so much to give, they show real stories and give valuable lessons.

One of the documentary that I recently saw was, named Spent and it shows how people suffer a life long financial problem because one situation in their life. I also learnt that banks are very important, and so much of our economy is dependent through banking system. Imagine a day without banks, (Difficult right?) there are thousands of people who do not have banking system.

I have attached the  LINK here. So if you have an hour to spend this is a good investment. This website also has a lot of other documentaries to look up and they are divided into categorizes.

Enjoy summer!

Looking back on my freshman year.

Hello,

I moved to United States for college and I can't believe I have completed my freshman year already. It seems like yesterday that I first began college.

This year was by far the most thrilling year of my life. Living away from home, new country, new people it was an amazing experience. I learnt a lot but I hope to learn even more in coming years. I am also glad that I found a subject that I liked, econ and I am happy to have my major conformed.

Today I was done with my Econ finals and was sad to leave the class for next 3 months. This week has been like a roller coaster to me waiting for decisions, finals and paper works. I hope tomorrow will bring a better day.

Today, while going through my face book and came across this quote,

"I learned that the world didn't see the inside of you, that is didn't care a whit about the hopes and dreams, and sorrows that lay masked inside skin and bone. It was simple, as absurd and as cruel as that." Khaled Hosseini, And the mountains echoed.

It struck in my mind, and I have been thinking about it. Is it true? It fairly is.

:) 

World Cup Match.

Hello,

So today's match (Germany Vs Portugal) was awesome. My heart races when there are two good teams playing. Luckily, this world cup we have seen some very good matches so far.Germany's first being my most favorite and followed by Spain's on second.

I was so much looking forward to this match and it happened right  during my econ class. I had to go to class, (I wanted to see the match desperately) even though I was looking up scores every now and then. I have always supported Germany in world cup, their game is fast. Their Next match is on the 21st.  :)

Thomas Muller, first hat-trick  scorer in WC 2014. 

So I came home, and now I am looking all over internet to see the match again. 

For all the Portugal's supporters, Good luck!  for next time. 

ciao and for now its, Go USA!! 

What Mohomad Ali and economics have in common.

Hello,

I have always been inspired by Mohammad Ali (Professional Boxer). He has many inspirational stories and one story says that what motivated him the most was thinking about his other competitors. He questioned himself that where were his competitors doing now? And his answer was "practicing" that made him practice even more.

Sounds something like Game Theory? Not so much but the concept of considering your competitors while making your own decision is economics.  It helps you decide about your situation by considering others behaviors. This is mostly, applied by competitors in same field, like telecommunication. For example what happens to AT&T when T-Mobil decreases its price?
This study is related to Game theory model.

There is a good movie based on the Nash equilibrium (John Nash) called a beautiful mind. This movies is worth the time. And gives more idea about the origin of game theory.

 

Minimum Wage

Hello,

Today I was thinking about the topics to blog about and it occurred that I haven't talked about minimum wage. It is a very important economic factor that deals with micro and macro world.

Minimum wage is lowest pay that an employer may pay their workers. The first minimum wage law was introduced in New Zealand   in 1894. However, in the US the first minimum wage was introduced in June 25, 1938. (25 cents an hour)

There are many concepts about minimum wage, some people think it helps workers and others that minimum wage does not let them earn higher wages. This both can be true according to the economy they are in. Minimum wage does help teenagers while entering the market, they have skill and experience however it also helps a person who has worked few years in the same field.

There are so many papers written on minimum wage and articles are  published worldwide. Recent increase in the Seattle's minimum wage is a good situation to look forward to.

(Picture from know.org)

The topic of minimum wage has a lot to offer but I hope this gives a little idea about it.

Quantity theory of Money

Hello,

So we were studying the chapter money growth and inflation. I find it so challenging, is it just me?
There are so many sub topics and examples. However, the quantity theory of money gives a lot of information.
M*V = P*Y

Quantity of money (M)
Velocity of money (V) (the rate at which a single quantity of dollar flows in market.)
Price of Output (P)
Amount of output (Y)

The velocity of money is constant over time, thus increase in money supply must increase the nominal value of output (P*Y).

We can also see it this way, when the fed increases the money supply M, it results in the increase of Price level P as Y does not increase due to increase in money supply.

Confusing right? I have the same difficulty. I will have to go through the chapter again and see if I can come up with a easier way to understand this.

But for now, time to make my grocery list for this week! :)

Econ Joke!

Hello, 

So today I was reading the book, "The undercover economist Strikes back", and I came across a joke. I could not help myself but share it here. 

A mathematician, a statistician and an economist apply for the same job.

The interviewer calls in the mathematician and asks, "What does two plus two equal?" 

The mathematician replies, "Four."

Then the interviewer calls in the statistician and asks the same question, "What does two plus two equal?" 
The statistician says, "On average,  four - give or take ten percent, but on average four."
Then the interviewer calls in the economist and poses the same question, "What does two plus two equal?"
The economist gets up, locks the door, closes the shades, sits down next to the interviewer and says, "What do you want it to equal?"

This made my day! 

Walk!

Hello,

I have been into finding new places near my neighborhood. Yes, I am slow on that. However, I visited a park near by  and it was such a refreshing feeling. After reading the Friedman's Presidential address (LINK) on Monetary policy earlier today and my walk gave me the time to sink the information in.

I was looking forward to swim today but it was windy and 22 degrees Celsius (Still, can't deal with Fahrenheit), thus a walk was perfect supplement.

An escape to greenery! 

Coming back on Friedman's view. He did not support government intervention in market and believed that it should be let free. His view contradicts Keynesian economist.  He believes that monetary policy may have its effect on current market but in the long run it cannot keep the interest rte down for long time and cannot decrease unemployment. Friedman is correct in some cases but Keynesian are correct too when it comes to different situation. Thus, for his view on Monetary Policy Friedman was awarded the Nobel Prize in  1976. 

:)