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Joined 2 年前
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Cake day: 2024年3月28日

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  • It’s called “Fractional Reserve Banking”. The bank only needs to have about 10% of a loan on hand.

    If a bank has $100, they can write a loan for $1,000; effectively putting $900 more into circulation. When that is spent, it gets deposited into a bank, which can then loan it out amplified again.

    This could create infinite money, as I understand it. Since there is not infinite money, there must be a gap in my understanding somewhere.









  • Race weekend! Camping overnight beforehand. It should start raining at about 11 pm. Race will start at 9am. 25k / 16-ish miles with ~4000 feet of climbing, and it will be raining the whole time.

    I just picked up some goops for extra calories and a new rain shell. It packs up small so I can stuff it in my pack once I get too hot and accept my inevitable sogginess.

    It’s going to be an experience. I don’t have any other events planned for after this one, so we shall see if I can keep the training up.