- Catalan children get (some) of their Christmas presents by beating a cute piece of wood that then shits the presents out onto the floor. Seriously.
- There was a British guy who fought in WW2 with a scottish broadsword and bagpipes. However, the best thing is that he wasn’t even a Scotsman.
- On a small enough timescale, the electric field actually bounces around in your wires for a while after you flick a switch, even if it’s DC, just to “figure out” where it “needs to go”.
- More than twice as much time had passed from the invention of the motorcycle until the first motorcycle backflip, then had from the invention of the airplane until the first humans landing on the moon.
The Fed Board, apparently: https://www.federalreserve.gov/monetarypolicy/reservereq.htm
After reading through that page and the FAQ, I think it’s because the banks should now be compelled to held reserves because Fed pays them a reasonable interest (close to what they would get if they give a very low-risk loan) on them, rather than it being a strict requirement. I don’t know enough about economics to have an opinion on whether it’s a good idea, but I feel like it’s not too horrible? Like, maybe it makes some shitty banks even more susceptible to bank runs, but that’s the reality of fractional reserve banking in general.