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!